Global fuel prices drop in 1st week of August

shahennews

The prices of oil derivatives in global markets slightly dropped during the first week of August, according to data released on Monday by the Ministry of Energy and Mineral Resources.

The data showed that the price of 90-octane gasoline declined by 1.7 percent, going from $705.4 to $693.4 per ton, while the price of 95-octane gasoline went down from $728.3 in July to $715.5 per ton in the first week of August, a decrease of 1.8 percent.

Diesel prices also fell by 1.9 percent going from $590.9 per ton to $579.6, while the prices of kerosene dropped by 1.5 percent, from $613.8 to $604.8.

The prices of liquefied gas for August rose by 5.8 per cent, going from $620 to $656.3 per ton.

Benchmark Brent crude prices declined in the first week of the current month, from $75 to $72.5 per barrel.

//Petra//WH