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:

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