Petrol prices with biggest increase of the year

in News · 24-02-2020 12:02:00 · 1 Comments

The price of petrol will be subjected to the biggest increase of the year this morning.

This follows five consecutive weeks of diesel prices dropping at the pumps.

The latest price hikes will see both diesel and unleaded petrol increase by two cents a litre.

The rise in the cost of fuel is being explained due to increases in crude prices and the dollar strengthening against the euro.


Comments:

Strange, as crude oil prices are still around 20% lower than they were three months ago and the dollar has only gained around 3% against the Euro in the same period !

By DonegalArt from Algarve on 27-02-2020 08:28
Interactive Topics, send us your comments/opinion on this article.

Please note that The Portugal News may use selected comments in the printed edition of the newspaper.