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Report: Vehicle diesel price may decrease

Telco

Vehicle diesel prices are expected to fall by HUF 5-7 per liter in Hungary, while the price of vehicle gas may not change, economy research institute GKI Gazdaságkutató Zrt. reported yesterday.

According to the report, the price of diesel is expected to change to HUF 371-374, while vehicle gas prices are expected to stagnate or increase by HUF 0-2 to HUF 394-396 per liter. Last week, the price of Brent spot crude oil fluctuated between $54-$58, and the average weekly oil prices decreased by 5%.

Economic experts noted that the price increase in the second half of the week is due to the Greek government-debt crisis and to the huge fall of stock prices in China. The prices may be affected by the final decision about Iranʼs nuclear power program.

International news agency Reuters noted that in the North-Western-European and Amsterdam-Rotterdam-Antwerp (ARA) zones, premium unleaded gasoline rose by 3.3-2.0%, while diesel dropped by 5.9-5.8%. In the Mediterranean market zones, the price of premium unleaded gasoline rose by 1.5%, while diesel fell by 5.8% from July 6 to July 10.

The weekly exchange rate of HUF to USD in the period of July 6 - July 10 reached HUF 285 per dollar.

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