Petrol prices continue to fall and similar values have not been seen since the beginning of the year, thanks also to the continuous cut in excise duties by the Government, a measure which has been (almost) extended until the end of November. If on the one hand this continuous reduction is beneficial, and not a little, on the pockets of motorists, on the other, one wonders why this situation has come about. After all, the expensive energy is more than evident and therefore why does the green drop?
The fear of an economic recession could lead to a drop in demand for oil and therefore, at the moment, international markets are reluctant to increase its price. The cost of crude oil dropped to almost 80 dollars a barrel for Brent (reference in the European market) and to 90 $ / b for WTI (reference for the American), after the peak of almost 147 $ / b (also for Brent ) touched in conjunction with the Russian invasion. Banks, meanwhile, continue to think about hikes to buffer inflation.
While the situation for the green is clear, diesel is still worrying, which despite the historical period remains fairly expensive than petrol. But what are the prices at the pump? As anticipated, the discount on excise duties is in effect until October 17, but it is expected that the Government can extend it by the end of November or even December.| ); }