Regular A-95 gasoline is now selling for less than €1.60 per liter at most filling stations in Bulgaria, while prices at many locations are below €1.55. This is its lowest level in almost three months. On September 23, the same fuel cost €1.70 per liter.
Diesel has also become cheaper. It cost €1.90 per liter at the beginning of November and briefly reached €2 in September. It is now consistently priced below €1.90.
At many stations, mainly self-service sites, gasoline can be purchased for €1.52 per liter and diesel for €1.85. Compared with September, gasoline has fallen by about 7% and diesel by about 2%.
The main reason for the trend is the movement of crude-oil prices on international markets, although the decline reaches retail fuel prices with a delay. In September, Brent crude averaged $115 per barrel, while quotations reached as high as $130 during some periods. The current price is $92 per barrel, just over 18% below the level at that time.
Experts say that prices of finished gasoline and diesel products on international markets must also be monitored. Exchange rates, inventories and transport costs are also important factors.
The average price of regular A-95 gasoline in Bulgaria has been falling by one euro cent every day since the start of last week. The trend is considered likely to continue over the next one or two weeks unless international oil quotations experience an extraordinary change.
Source: 24chasa.bg
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