Sunday, February 5, 2017

Fuel back up in the next week – Jornal de Negócios – Portugal

filling the tank of the car will be more expensive next week. In the case of diesel the increase is expected to be a penny, while gasoline is expected to increase by 0.5 cents per litre, according to the calculations of the Business taking into consideration the prices of oil derivatives on the international market and the evolution of the euro. Source of the market confirmed to Business evolution.

The average price of a gallon of simple gas 95 octane is in the 1,490 euros, while a litre of diesel is simple is on the 1,263 euros, according to the information available on the website of the Directorate-General of Energy and Geology.

To justify the rise of the fuel in the petrol stations is the price increase of diesel and gasoline in the international market. Prices rose over 1.5%, following the evolution of oil prices that continue to reflect the news about the cutting of production on the part of the members of the Organization of the Petroleum Exporting Countries (OPEC) as well as of other countries, such as Russia.

Already mitigate the rise was the appreciation of the euro against the dollar, which hangs the impact of rising of raw materials, which negotiate in the american currency. The euro has benefited from a relief to the dollar, essentially due to the uncertainty around the economic policies of the administration Trump and the fact that the Federal Reserve (Fed) not to have given more indications about the evolution of interest rates in the U.S., something that investors believed that would happen this week.


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