According to the report, vehicle gas prices are expected to drop to HUF 387-390 per liter, while diesel prices will fall to HUF 365-367 per liter. Last week, the price of Brent spot crude oil fluctuated between $56-$58, and the average weekly oil prices increased by 1.5%.
Economic experts noted that the fall in oil prices are due to the stabilization of Greek government-debt crisis and to the normalization of the Chinesee stock exchange. The successful negotiations about Iranʼs nuclear program also conributed to the low prices.
International news agency Reuters noted that in the Mediterranean market zones, the price of premium unleaded gasoline dropped by 5,3%, while diesel fell by 2.2% from July 13-17. In the North-Western-European and Amsterdam-Rotterdam-Antwerp (ARA) zones, premium unleaded gasoline fell by 5,3-6,3%, while diesel dropped by 2,0-2,0 %. The weekly exchange rate of HUF to USD in the period of July 13-17 reached HUF 283,5.
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