Oil prices are skyrocketing
There is a good chance that fuel prices will rise again soon. Oil prices are on the rise and logically this will soon also be felt at the pump.
Trade prices for oil rose sharply on Monday, as major oil countries decided to reduce production. The countries, united in OPEC and OPEC+, announced on Sunday that they would put more than 1.1 million barrels less on the market from May. They say they are doing this to restore the market. Oil prices fell last month after turmoil in the banking world, but later rose again. But that increase was not large enough, according to Russia and Saudi Arabia, among others.
The price for North Sea oil has risen 5.5 percent since the announcement on Sunday to $ 84.26 (€78.07) per barrel. That’s the highest point in a month. US oil rose 5.4 percent and costs nearly $80 a barrel. The higher oil prices can cause extra inflation, because we have to pay more at the pump, among other things. The average national suggested retail price for E10 petrol has been just under €2 per liter for almost the entire year, but it may cross that limit again this month. The diesel price has experienced a nice decrease this year. The suggested retail price for a liter of diesel is now €1.75, at the beginning of this year it was still close to €2.
– Thanks for information from Autoweek.nl