Northern Bohemia – The prices of oil collapse on world markets begin to highlight in fuel prices in the Czech Republic. Last week, the gasoline price was up to 14 cents, and customers pay around 33.55 liters per liter. Compared to diesel, whose price has dropped slightly a little over the last seven days, it's less cheaper than a total of 20 heller.
"This is because of the drop-in oil prices, which have won long expected transfers in the last week," said economist Lukáš Kovanda. Brent oil is currently being sold at a price of around $ 20 per barrel lower than at the beginning of October, when it reached $ 86.
Kovanda's share of oil appreciation is US President Donald Trump, who, after sanctions against Iran, has allowed eight countries to import oil there. Iran's oil supply shortage did not happen to such markets as it is anticipated.
In the Czech Republic, the fall in prices drops and the usual three-week delay. The most obvious price should come only.
"Companies benefit from the poor economic situation of the population and low unemployment, and defer the projection of a fall in oil prices in fuel prices. However, domestic petrol stations only reduce a strong competitive pressures & The edges, "explained Kovanda.
Reducing gasoline and diesel should continue next week. The gasoline liter should be about twenty other half cheaper, the price of the diesel should drop from five to ten liters per liter. The gap between the two prices, which is now the highest since March 2015, will continue to grow.
"A situation where oil is more expensive than petroleum is quite unusual in the Czech Republic. In 2016 and 2017 it did not happen at all. The start of the heating season may be that heating oil is used to generate heat and that the a querosene fraction added to a diesel to achieve its prescribed quality more expensive this year than in recent years, "added Kovanda.