After two consecutive increases, the prices of refined products are falling again, but not without leaving a trace on the price lists of recommended fuels. This morning there was some upward movement, the effects of which on the national averages of prices charged at the pump will not be seen until the next few days. Averages which in the meantime, in turn, continue with a slow downward adjustment. According to the usual survey by Staffetta Quotidiana, IP has increased the recommended prices of petrol by one cent per litre. For Q8 there is an increase of one cent on petrol and diesel, for Tamoil +2 cents on green fuel.
These are the average prices charged communicated by the managers to the Price Observatory of the Ministry of Business and Made in Italy and processed by Staffetta, recorded at 8am yesterday morning on approximately 18 thousand plants: self-service petrol at 1,763 euros/litre (-1 thousandth, companies 1,770, white pumps 1,750), self-service diesel at 1,641 euro/litre (-2, companies 1,647, white pumps 1,630). Petrol served at 1,908 euros/litre (-1, companies 1,952, white pumps 1,820), diesel served at 1,785 euros/litre (-2, companies 1,828, white pumps 1,700). LPG served at 0.723 euros/litre (unchanged, companies 0.733, white pumps 0.712), methane served at 1.356 euros/kg (-1, companies 1.368, white pumps 1.347), LNG 1.262 euros/kg (+1, companies 1.273 euros/ kg, white pumps 1,253 euro/kg). Prices on motorways: self-service petrol 1,860 euros/litre (served 2,130), self-service diesel 1,752 euros/litre (served 2,026), LPG 0,862 euros/litre, methane 1,471 euros/kg, LNG 1,335 euros/kg.
Below are the prices of refined products in the Mediterranean at yesterday’s closing: petrol at 512 euros per thousand liters (-9 rounded value), diesel at 534 euros per thousand liters (-1 rounded value). These are the values including excise duty: petrol at 1240.46 euros per thousand litres, diesel at 1151.07 euros per thousand litres.
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Interview with Dr. Sarah Rossi, Energy Market Analyst
Editor: Good morning, Dr. Rossi. Thank you for joining us today to discuss the recent fluctuations in fuel prices. We’ve seen a couple of increases followed by some decreases in refined product prices. Can you give us your insights on this trend?
Dr. Rossi: Good morning! Yes, the recent changes in fuel prices are quite telling of the current dynamics within the energy market. After consecutive increases, we are now witnessing a slight decline in the prices of refined products, though it’s not without its complications. The adjustments in price lists for recommended fuels reflect these changes, but it often takes a few days for the actual impact to be felt at the pump.
Editor: Interesting. So, when can consumers expect to see these downward adjustments in fuel prices reflect at their local stations?
Dr. Rossi: The average prices reported are based on surveys taken from a significant number of service stations across the country. Given the slow downward adjustment we’re experiencing, consumers will likely see these changes at the pump within the next few days, but it can vary among different regions and service providers.
Editor: Recently, we’ve seen specific companies like IP, Q8, and Tamoil making price adjustments. Can you explain why these companies are increasing their prices even while refined product prices are falling?
Dr. Rossi: Absolutely. These price adjustments generally stem from a mix of factors, including operational costs, market competition, and supply chain dynamics. With the price of crude oil fluctuating, companies might adjust their prices to maintain profitability, even if the overall trend shows a decline. For instance, IP and Q8 have both raised their recommended prices by one cent per litre, a strategic move to counteract previous losses.
Editor: In terms of average prices, what do we see currently? How do these prices compare to those from a few months ago?
Dr. Rossi: Currently, the self-service petrol stands at around 1.763 euros/litre, while self-service diesel is at approximately 1.641 euros/litre. If we compare these figures to a few months back, we are indeed seeing some moderate relief, but prices remain significantly higher than they were last year. The volatile nature of the market means we need to stay vigilant about future trends that could affect consumer costs.
Editor: Thank you for your insights, Dr. Rossi. It’s clear that the fuel market is influenced by a variety of factors, and these fluctuations are definitely worth keeping an eye on.
Dr. Rossi: Thank you for having me. It’s always important to stay informed about these changes, especially for consumers budgeting their expenses.
Art from several factors. While the prices of refined products are falling at the moment, individual companies may adjust their prices based on their operational costs, competitive positioning, and strategic goals. For instance, if a company anticipates an increase in demand or if their supply chain costs rise, they might choose to increase prices despite wider market trends.
Editor: That makes sense. Are there any external factors that could influence fuel prices in the upcoming weeks?
Dr. Rossi: Certainly. Global crude oil prices, geopolitical events, currency fluctuations, and local taxes or regulations all play significant roles in influencing fuel prices. Additionally, we must consider seasonal demand changes, such as those influenced by holidays or travel patterns, which can also impact local price trends.
Editor: With the prices of diesel and petrol fluctuating, how should consumers best navigate these changes?
Dr. Rossi: Consumers can take a proactive approach by staying informed about market trends and utilizing tools and apps to compare prices at nearby stations. Additionally, planning refueling times and locations could help minimize costs as they keep an eye on market fluctuations.
Editor: Thank you, Dr. Rossi, for sharing your insights on this topic. It seems like fuel prices are influenced by a complex web of factors that consumers need to be aware of.
Dr. Rossi: Thank you for having me! Staying informed is key in managing these expenses effectively.
