[ad_1]
On Monday morning at Ryen in Oslo, he received gasoline for NOK 10.34 per liter. However, the suggested prices for Circle K are 5 crowns more.
LOW: at 09.48 a liter of diesel costs only NOK 10.34 at YX on Ryen in Oslo.
Photo: Stella Bugge / VG
published:
Across the Ryens junction for the sale of XY gasoline for NOK 10.34, one also received one liter of diesel for NOK 10.54 in Esso.
In comparison, Circle K’s suggested fuel prices on Monday are at NOK 15.40 per liter for gasoline and NOK 14.86 per liter for diesel.
“Low gasoline prices are largely due to local price wars, combined with the fact that cost prices in the international market for finished refined products have caused prices to drop,” says the communications manager. Knut Hansen at Circle K.
He explains that prices now vary greatly from place to place in Norway.
On Saturday, among others, Aftenbladet wrote about record cheap gasoline and diesel in Stavanger, at NOK 10.59 and NOK 9.79 respectively.
– Why is the local price war now?
– It is a good question, but it will be speculative to try to elaborate. Generally speaking, we can say that when a player starts to lower prices, others should follow him, says Hansen.
– No one can stay at a higher price than the competitor on the street, so the competition in these micro markets works.
Also indicative has fallen
– Gas and diesel prices are so visible along Norwegian roads that it is easy for customers to relate to the level around Norway, says Hansen.
However, Circle K’s suggested prices are several crowns higher than what you can see along the roads on Monday.
– But the indicative prices have also dropped a lot since February, today around NOK 2 in gasoline and NOK 1 and a half in diesel since the end of February, says Hansen.
Competition: Across the Ryen crossing in Oslo, Esso sold diesel for NOK 10.54 per liter.
Photo: Stella Bugge / VG
Also read
Gasoline prices have not been lower in two years.
When E24 mentioned fuel prices on March 30, they were at the lowest level in two years. Since then, gasoline prices have dropped to 15.05 liters per liter, but have increased 35 øre from the lowest level in April.
Fuel prices in Norway are affected by a number of factors in addition to the price of oil. Hansen has previously explained both the price of crude oil, market supply, demand, and the dollar exchange rate.
Oil price on the rise
At the end of February, the price of oil was around $ 50 per barrel, where it now costs just over $ 30. During April, the price of oil was well below $ 20 per barrel, but it rose again when they entered OPEC + cuts force.
At the same time, several European cities have emerged from closure and restrictions, and demand has gradually started to increase.
Demand for, for example, airplanes and other means of transport is expected to increase sharply after a collapse following the coronavirus and subsequent infection control measures.
Several countries, including Norway, are reducing oil production, which can also help to raise prices.
