agencies
Thursday, 02 March 2023 08:35 AM
Gasoline prices have become the focus of the world’s attention following the sharp increases in various countries of the world as a result of the global energy crisis, and what resulted from the Russian-Ukrainian war, which drew a new map and a new reality for the global energy market, a map whose most important features were the insane rise in energy prices, which caused All countries of the world, without exception, were exposed to severe crises in the energy markets, and thus the occurrence of a state of turmoil and global instability in the global supply chains in the oil and energy industry due to the quantities supplied, in addition to the exacerbation of the global fuel crisis, which affected many countries of the world..
This was reflected in the global economy, with the occurrence of a sharp wave of global inflation, and thus the high cost of imports to various countries of the world, as the average global price of gasoline is currently 30.1 per liter of gasoline in February, according to the data published on the Global Petroleum Price website..
A report revealed to the site “Global Petroleum Price” ranked among the countries with the cheapest gasoline prices in the world, and Egypt came in the 7th place in terms of the lowest price for selling gasoline..
The report added that Egypt is the cheapest, with an average price of a liter of gasoline amounting to regarding $0.351, and the average price of gasoline globally was regarding $1.30 per liter, equivalent to between 37 and 40 pounds. benzene.
Earlier, the prices of gasoline and diesel fuel in Lebanon witnessed a new rise, as the price of 95-octane gasoline reached 24 thousand pounds, gasoline 98 octane 25 thousand pounds, and gas 25 thousand pounds, while the price of diesel oil decreased by 3 thousand pounds. According to the National News Agency for Lebanon.
Prices became, 95-octane gasoline 1,503,000 pounds, 98-octane gasoline 1,538,000 pounds, diesel 1,448,000 pounds, gas 982,000 pounds.
There are many factors that determine the price of gasoline, the most important of which is the price of crude oil, which greatly controls the determination of gasoline prices in various countries of the world. For example, we find that the price of crude oil interferes by regarding 54% in determining the price of gasoline in the United States of America, in addition to Refining and refining costs, distribution and marketing costs, and therefore we find that the sharp rise in global oil prices since the end of 2021 and the beginning of the economic recovery, before it recorded unprecedented levels at the end of February of last year 2022, in the followingmath of the Russian-Ukrainian war, before the sharpness of the rise subsided recently. Against the backdrop of fears of a slowdown in demand for crude oil, it had the greatest impact on the rise in global gasoline prices.
It is worth noting that Global Petroleum Price is the most reliable and reliable information site on retail energy prices worldwide, as it tracks gasoline prices on average for regarding 150 countries and more than regarding 250 cities worldwide.
