Wednesday, August 3, 2011

Petrol prices to fall

Petrol will fall between $ 4 and $ 6 per gallon from Thursday
Meanwhile, the value of paraffin recorded a low of $ 2 per liter, while diesel will make $ 5, according to the National Petroleum Company.

A drop of $ 4 to $ 6 per liter benzine will experience from this Thursday, the National Petroleum Company (ENAP). Meanwhile, the value of paraffin record low of $ 2 per liter, while diesel will make $ 5.

During the reference period for calculating the prices of Enap, lowered the prices of gasoline, diesel and LPG, while prices rose slightly in paraffin and fuel oil. The state explained that despite the agreement to rescue European Greece, the uncertainty brought down the markets by the lack of political agreement between the U.S. government and leaders of the U.S. Congress to raise the debt limit. The possibility of default by the world's largest economy raised fears of a financial crisis which prompted a fall in stock markets and commodity prices, including oil.


In calculating price changes also influenced the application to import parity prices in dollars per cubic meter (U.S. $ / m3) of Sipco for gasoline and diesel, and FEPP for paraffin VAT, the exchange rate and transportation costs. "The agreement to raise the limit of U.S. government debt, finally closed last Monday, failed to reassure markets, due to possible adjustments to spending would eliminate the incentive to economic activity at a crucial moment in the cycle and precipitating the U.S. economy - and global - a new recession in the coming months, "warned the state about how prices could be affected next week.

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