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Petrol price relief

petrolpump4744According to data from the Directorate General for Energy and Geology, obtained from 2,677 service stations, the average price of diesel last Thursday was €1.278 per litre, while the average price of petrol was €1.523 per litre.

This is a drop of more than six cents, the highest fall since the liberalisation of the fuel market in January 2004.

The price of petrol should drop another 3 cents next week to below the psychological €1.50 barrier in most petrol stations nationally as the crude oil price stabilises as this low level.

Since a mid-June spike, the dollar price of crude oil has fallen 23%, which in Europe has resulted in a price decrease of 17%.

At the pumps in Portugal, between July 1 and October 16, fuel prices fell by an average of 5%, corresponding to 7 cents on diesel and 8 cents on petrol, according to prices published by the Directorate General for Energy and Geology.

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Comments  

0 #2 Ana P 2014-10-20 10:07
http://www.fuel-prices-europe.info/index.php?sort=3
+6 #1 Ana P 2014-10-19 19:18
"Since a mid-June spike, the dollar price of crude oil has fallen 23%, which in Europe has resulted in a price decrease of 17%.

At the pumps in Portugal, between July 1 and October 16, fuel prices fell by an average of 5%, corresponding to 7 cents on diesel and 8 cents on petrol"

Price decrease crude oil 17%, price decrease refined product 5%. Refineries kept 12% ? Good business! :)

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