Fuel prices will rise again next week. know how much

Oil is up 12.7% this week, which should lead to another hike in gasoline prices on Monday, if not sooner. And it’s not a little: maybe about 8 and 17 cents a liter respectively for petrol and diesel

The roller coaster continues. After the sharp drop in fuel prices this week, it is preparing for another big hike next week. There are no strict formulas for calculating the price, which gas stations set freely, but data as of mid-afternoon on Thursday indicated increases of about 8 cents for 95 gasoline and 17 cents for diesel.

Values ​​can fluctuate more than a cent up or more, depending on two factors: the price of oil tomorrow, Friday, and the government’s policy regarding the tax on petroleum products.

The global price of oil, according to the Brent index, fell by about 2% this Thursday, but the decline was not enough to offset the increases in the previous days. The average quote price since Monday was 12.7% higher than the previous week’s average at this time.

To close out this week’s average price, we still need to know what development will be tomorrow, Friday. In any case, the probability of confirming a significant increase in fuel prices on Monday is already very high.

Since the beginning of the Russian invasion of Ukraine on February 24, the development of oil prices has witnessed strong differences, usually in reaction to the expectations of negotiations about the conflict and news about the diversification of reserves and sources of oil supply, in order to mitigate the decline. in Russian oil purchases.

This tachycardia is translated into fuel prices, which have had strong differences in the past three Mondays. The same should happen next week.

Since the fuel prices are free, there is no mandatory correlation between gas stations regarding oil prices. Also, there is no mandatory day for hikes – they actually vary every day – but the practice in Portugal is to make the biggest changes on Mondays. The next will not bring good news.