Petrol soars over $1
Petrol costs today rose at an average of 5 percent due to new prices for the Russian oil introduced in early 2007, according to Belnaftahim, the petrochemical state monopoly. Hence, we have eventually faced the situation when a very important psychological barrier titled "petrol costs less than $1" has been crossed. Over the last year alone, fuel prices soared at Br500 (25 cents) per liter. The same inrease in the fuel price was observed over the previous three years from 2003 to 2006. Below is the table which depicts the dynamics of the price for the AI-95 petrol over the past four years:
In the neighboring countries, the situation is more clear. In the "European" Poland, petrol costs over Zl5 (around Br3600). In the Baltic countries, the petrol prices fluctuate at EUR 2-2.5 (Br5800-7000). In Russia, which refines its own oil, the prices are the lowes, with the AI-95 petrol hovering at less than $1 indeed.
It is interesting that in Ukraine which also imports fuel from Russia, the cost of AI-95 petrol does not go beyond Hr4 (Br1600 or $0.8).
Photo by photo.bymedia.net
March 2003 |
Br1130/liter |
April 2004 |
Br1240 |
January 2005 |
Br1350 |
May 2006 |
Br1720 |
December 2006 |
Br1910 |
January 2007 |
Br2100 |
May 14, 2007 |
Br2200 |
In the neighboring countries, the situation is more clear. In the "European" Poland, petrol costs over Zl5 (around Br3600). In the Baltic countries, the petrol prices fluctuate at EUR 2-2.5 (Br5800-7000). In Russia, which refines its own oil, the prices are the lowes, with the AI-95 petrol hovering at less than $1 indeed.
It is interesting that in Ukraine which also imports fuel from Russia, the cost of AI-95 petrol does not go beyond Hr4 (Br1600 or $0.8).
Photo by photo.bymedia.net