Friday, December 16, 2016

Fuel up for the fourth consecutive week – Jornal de Negócios – Portugal

filling the tank of a vehicle will be more expensive, about 1.5 cents per litre of simple gas 95 octane. Already in the fuel simple, the increase will be two cents.

This increase will be the fourth consecutive, in a week that oil products have increased. Still, the increase will be more pronounced due to the fall of the euro against the dollar. This is because these raw materials traded in dollars, so the fall of the euro accentuates the trend.

The euro was strongly affected by the Federal Reserve (Fed) of the USA, which in addition to having announced an increase in interest rates of 25 basis points, has revealed their forecast about future rises, pointing to the possibility of three increases in 2017. The european currency has reached on Thursday of a minimum of nearly 14 years, below of 1.04 dollars.

The fuel prices at the pump are rising consistently throughout the year, yet who have registered with the periods of descent. The liter of diesel is 15% higher, or 15.7 cents, and gasoline is by 8.5% more expensive, or 11.1 cents.

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