Petrol price moves towards 2.10 euros | Financial

The average recommended retail price for a liter of E10 (Euro95) is now 2,091 euros, reports the organization that keeps track of daily recommended prices of five major oil companies. In addition to the petrol price, the prices for LPG and diesel are also at record highs. For a liter of LPG must be paid 1,120 euros. A liter of diesel costs 1,754 euros.

The recent rise in prices is due to the rise in oil prices. Now that the global economy is recovering from the corona crisis, the demand for oil is increasing at a rapid pace. But the capacity of oil producers has lagged.

Pump owners can deviate from the recommended prices of the oil sector. Motorists usually pay the most at gas stations along the highway. According to price comparator, it is still possible to refuel E10 for 1.80 euros per liter at some cheap pumps in the province of Groningen.

The high oil prices are especially annoying for oil buyers, for the oil-producing countries it means that oil barrels generate more money. That is why oil cartel OPEC and its allies including Russia chose earlier this month to stick to existing plans for a gradual monthly increase in oil production. They did not want to increase their production extra quickly.

Petrol price moves towards 2.10 euros | Financial
Source link Petrol price moves towards 2.10 euros | Financial

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