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Report: Vehicle gas prices may drop further

Telco

Vehicle gas prices in Hungary are expected to fall by HUF 0-3, while the price of diesel may not change on Wednesday, economy research institute GKI Gazdaságkutató Zrt. said in a report today.

According to the report, vehicle gas prices are expected to drop to HUF 386-389 per liter, while diesel prices will remain at HUF 379 per liter.

Last week, the price of Brent spot crude oil fluctuated between $58-$61, and the average weekly oil prices increased by 0.2%. Economic experts noted that the fall in oil prices are due to the decreased number of oil drilling stations in the United States. On the other hand, the Friday massacre by terrorists in Tunisia and the Greek government-debt crisis may also affect prices.

International news agency Reuters noted that in the Mediterranean market zones, the price of premium unleaded gasoline dropped by 6%, while diesel fell by 0.3% from June 22-26. In the North-Western-European and Amsterdam-Rotterdam-Antwerp (ARA) zones, premium unleaded gasoline fell by 6.2-3.2%, while heavy oil dropped by 0.6-1.0%.

The weekly exchange rate of HUF to USD in the period of June 22-26 reached HUF 277.5.

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