The FPS Economy announced Thursday an umpteenth increase, from Friday, in maximum diesel prices, against a backdrop of soaring crude oil prices. The maximum price of B7 diesel will thus reach a new record, at 2.2860 euros per liter (+0.202 euro).
The maximum price of LPG at the pump is also increasing.
Diesel fuel oil (heating application) is also seeing its prices increase, to levels never seen before. For an order of less than 2,000 litres, it stands at 1.4241 euro per liter (+0.0658 euro). For an order from 2,000 liters, the maximum price on Saturday will be 1.3936 euros per liter (+0.0658 euros).
Brent Oil
The price of black gold rose sharply again on Thursday and Brent gained nearly 5% following declarations from the United Arab Emirates tempering hopes of an increase in production by members of the Organization of the Petroleum Exporting Countries ( OPEC).
At 08:55 GMT, a barrel of Brent from the North Sea jumped 4% to 115.38 dollars, after gaining up to 5.75% a few minutes earlier, while the New York-listed WTI took 3.47 % at $112.58.
On Wednesday, the price of Brent had plunged by 13% and that of WTI by 12%, weighed down by a diplomatic overture from Ukrainian President Volodymyr Zelensky as well as by the signal given by the United Arab Emirates, now in favor of an increase in production.
But on Thursday, the United Arab Emirates affirmed that it would respect the commitments made within the framework of the alliance of exporting countries OPEC + (OPEC and its allies) which includes Russia.
“The Emirates believe in the value that OPEC+ brings to the oil market. We are committed to the OPEC+ agreement and the current monthly production adjustment mechanism”tweeted Thursday the Minister of Energy and Infrastructure, Souheil al-Mazrouei.
Oil-exporting countries are being called upon to curb soaring crude prices fueled by the war in Ukraine, particularly after the decision by the United States and the United Kingdom to stop importing oil from Russia (the second largest crude exporter in the world, behind Saudi Arabia) in response to the invasion of Ukraine.
At their last meeting, the OPEC+ countries had stuck to a modest increase in their production, despite the soaring prices.
The markets are all the more nervous on Thursday as discussions are underway between the heads of Russian and Ukrainian diplomacy in Turkey, for the first time since the start of the Russian invasion of Ukraine on February 24.