From next Monday, Feb. 13, the price of diesel will fall again by 3.5 cents, while the price of gasoline should remain unchanged after both fuels fell this week, a source in the sector told Negosios.
Thus, petrol prices should be fixed at 1.684 euros per litre. In the case of diesel fuel, the cost should be around 1545 euros per liter.
The calculations are based on data from the General Directorate of Energy and Geology, which show that the retail price of gasoline was 1,689 euros per litre. Diesel was sold at an average of 1580 euros per liter.
With this update next week, gasoline will still be more expensive than diesel, and the difference between both fuels will rise to 13.9 cents.
This update in oil derivatives prices comes after a week when oil rose significantly in the London market and slightly in New York.
North Sea Brent crude, a benchmark European import, rose more than 7% to close to $85 a barrel, while New York-traded West Texas Intermediate crude rose more than 1% to about 80 USD.
Investors were encouraged by the prospect that the reopening of the Chinese economy could boost demand for black gold. On the other hand, sentiments were influenced by signals given by the Federal Reserve of North America (Fed) to continue restrictive monetary policy to fight inflation.
Average daily prices are determined by DGEG based on prices reported by gas stations, weighted by quantity sold in the last known period, taking into account discounts practiced at gas stations such as fleet cards and others.
Author: business magazine
Source: CM Jornal

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