Fuel prices to remain stable in second July pricing window – IES

The Institute of Energy Security (IES) predicts fuel price stability in the second pricing window of July 2021.

Since the start of the year, the Institute has been making projections to keep consumers informed of the development of crude oil prices and its effects on fuel prices in the country.

In a statement from the IES, he said that due to a 1.35% increase in the price of International Benchmark-Brent crude, a 1.39% depreciation of the local currency against the US dollar and some other indicators, fuel prices at the pump are expected to remain stable. .

“The 1.35% increase in the price of international benchmark crude-Brent as well as the 2.88% increase in the price of gasoline, the 0.01% increase in the price of diesel and the depreciation 1.39% of the local currency against the US dollar; the Institute for Energy Security (IES) foresees a slight upward revision of the price of fuel on the domestic market at the various pumps, in particular for Gasoline (Gasoline).

“The existing competition between the different MOCs, however, will encourage many others to maintain their prices compared to the previous pricing window,” said the IES statement signed by research analyst Fritz Moses.

Find the full version of IES below: