Expatica news

Fuel price to drop still further

The maximum price for Petrol 95 will fall to EUR 1.51 euro, its lowest level in four years.

The price of heating oil will also fall by a further 3 cents.

The continuing fall in the price of fuel has come about as a result of the fall in the price of crude oil on the international oil markets in recent months.

A fall in demand for oil has led to an over-supply that in turn has put downward pressure on the oil price.

Some oil exporting countries such as Saudi Arabia are considering cutting production. However, no have actually already done so.

The price of a barrel of Brent Crude (the reference for the European market) now stands at USD 86.

This is down from USD 115 just four months ago. The fall in the oil price is a not only a good thing for consumers, but also for industry.


Flandersnews.be / Expatica