Due to the increase in Brent crude oil prices to above USD 90/t, the price of fuel will increase by a few cents this week. If Brent does not fall again, prices will continue to go up – experts from BM Reflex note.
At the beginning of April, fuel prices stabilized, which was positive news, after gasoline prices increased by an average of 14 cents per liter in the second half of March. As experts from BM Reflex note: “gasoline prices, although they remain lower than a year ago, are currently the highest since August 2023.”
Currently, average prices for the province Masovian Voivodeship are: unleaded petrol PLN 95 – PLN 6.76/l, unleaded petrol PLN 98 – PLN 7.29/l, diesel fuel PLN 6.83/l, autogas – PLN 2.87/l. Therefore, compared to last week’s prices of petrol and diesel, they are on average approx. 10-12 cents higher. higher. Only LPG remained at the same level.
Fuel prices: will it be even more expensive?
In the following days of this week and next week there is a risk of increases in fuel prices, especially gasoline, of several cents.
– Ultimately, the scale of potential increases will depend on the situation on the international market, especially in the context of geopolitics in the Middle East – note BM Reflex experts.
Oil is going up
– Prices of the June series of Brent crude oil contracts rose above USD 90/bbl and are the highest since mid-October 2023. Prices of Russian Urals FOB Rotterdam crude oil rose to around USD 77/bbl. The support for oil price increases is geopolitics, OPEC+ supply policy, expectations of interest rate cuts in the US and a seasonal increase in global oil consumption in the second quarter – describes BM Reflex.
Prices on global markets also increased due to the Ukrainian drone attack on nine Russian refineries with a total processing capacity of 1.6 million bbl/d. This is nearly 26 percent. total Russian processing capacity, but the real scale of destruction and limitations in fuel production is unknown.
– In March, exports of Russian petroleum products dropped to 2.26 million bbl/d and was the lowest since November 2023. Exports of Russian crude oil increased in March to 3.77 million bbl/d and were the highest in 10 months. The largest recipient of Russian oil in March was India – 40%. total Russian crude oil imports – note BM Reflex experts.
e-petrol.pl experts also have a similar opinion.
Therefore, fuel is expensive and is not likely to become cheaper in the coming days, and as a result we must prepare for further slight increases.
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