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Petroleum derivatives prices rise by 2.5% in next month's price, which will be approved next Tuesday.
This prediction comes after falling prices of Brent and oil derivatives on world markets since the beginning of the month
The price of Brent Brut was $ 71.35 as against $ 75.8
Oil expert Fahd al-Fayez said that "the trend in world prices requires the need to reduce these prices locally, especially for gasoline". With its two octane octaves 90 and 95.
Al Fayez believes that the reduction rates would be reduced For all derivatives between 1.5% and 2.5% and the proportion of the largest reduction in the share of gasoline by two unless the government decided to obtain higher yields of these two types of fuel and consume less fuel and kerosene.
"Changes in the price trend of Brent, indicator of the price equation, or rising prices, will not have a significant impact on the decline recorded since the beginning of the month . "
Domestic prices for gasoline, diesel and kaz The first of May last and the price rise was not reversed
For its part, Secretary of the Association Hashim Aql service station owners and distribution centers, "It is likely to reduce prices next month at rates badumed to be as much as 2%"
The final price of oil derivatives in world markets will be released tomorrow, indicating that the remaining trade up to the end of the month will not have any impact on the decline, citing the price in Lebanon, which adjusts weekly prices, where the price drop weekly
According to the Ministry of Energy, the price of Brent at the limit of $ 70.6 per barrel per day
The captain of the service stations Nahar al-Sa'at idat agreed with its predecessors that the continued decline in world prices until the end of the month will result in the reduction of derivatives at the national level.
"Demand for petroleum products in this period is about 5% lower than the rate at the same time last year, a reference mainly to economic conditions affecting citizens in general."
It is noted that during the second week of this month Brent crude prices are down 2% m compared to the first week of the same month, which rose from 76.4 dollars a barrel to 75.4 dollars.
The price of diesel dropped by 0.62% in the second week of this month compared to the first week and reached a low of $ 634 per tonne. Tuesday at $ 668
According to the international reference markets adopted by the Ministry of Energy and Mineral Resources for the pricing of petroleum derivatives, the diesel rate of the first week of July increased by 0.2 % and liquefied natural gas 1.4% for the month of June.
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