Thursday, 20 January 2022 21:17

Gasoline could increase US$0.15 and diesel US$0.20 next fortnight

Written by Evelyn Alas

Fuel expert, Julio Villagrán, informed in his Twitter account that for the country strong increases in fuel prices are expected, diesel could increase US$0.20, gasoline is expected to increase US$0.15 per gallon and oil increased its price to over US$86 per barrel.

In december of last year the price of oil fell and reached US$75 per barrel, now this value has increased.

A US media reported that the price of Brent crude oil for delivery in march 2021, rose at the opening of the London futures market and was trading at US$87.82, the highest price in 7 years, pushed by the perspective that the impact of the Omicron variant in several countries will subside, according to experts.

The price of North Sea oil, the European benchmark, was up 1.50% today compared to the previous day's close, when it ended at a price of US$86.52 dollars.

Crude oil has been rising for days despite the release of crude reserves programmed by the United States and other countries, a plan designed to contain the prices of black gold.

The media also pointed out that this makes many analysts foresee that prices will continue to climb until they exceed the barrier of US$90 per barrel, or even US$100.