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We can see a very interesting phenomenon in terms of fuel prices, since the oil powers, that is, Saudi Arabia and Russia, have agreed to reduce their production, so the price of oil has increased very significantly for a short time. from April 1. Since then, however, oil prices have started to drop again, as the dramatic decline in demand for crude oil as a result of quarantines cannot yet be offset by oil power cuts, and as a result, Oil deposits are constantly saturated and even close to utilization in some places. American-type WTI oil also traded at minus $ 40 on April 20, So sellers paid buyers just to get rid of their crude oil. The last time fuel prices fell in Hungary was on Friday, then the price of gasoline fell by HUF 2 and the gross selling price of diesel by HUF 7. On April 21, the price of North Sea oil, which it had not been able to find since, plummeted.
The forint weakened moderately against the dollar in the past few days after the Magyar Nemzeti Bank raised interest rates on April 7, successfully curbing the strong depreciation of the forint.
The drop in oil prices will lead to further reductions in fuel prices starting today, but now both fuel prices fall again,
THE PRICE OF DIESEL OIL WILL DECREASE ON AVERAGE BY HUF 8, WHICH MAY FIT HUF 308, THE GROSS AVERAGE OF RETAIL AVERAGE, REDUCE GASOLINE TO HUF 5, WHICH WILL FALL TO HUF 278 PER LITER.
Therefore, the downward trend in fuel prices, which has cost 105 HUF less per liter of gasoline since March, and the price of diesel in wells for 85 HUF, will not stop.
Cover image: Alexander Ryumin, Getty
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