Government: Rise in oil, gasoline prices in global markets

Economy

Published: 2020-05-11 12:45

Last Updated: 2020-05-11 15:24


Archived
Archived

Prices of oil and gasoline in global markets have risen during the first week of May, according to data released today by the Ministry of Energy and Mineral Resources.

According to the data, the price of 90-octane gasoline rose by 28.3%, from JD116.63 ($164.5) per ton in April to JD149.60 ($211) in the third week, while the price of 95-octane gasoline increased by 30.6% from JD123.58 ($174.3) per ton to JD161.37 ($227.6).

Diesel prices went down by 0.8% from JD156.19 ($220.3) per ton to JD154.99 ($218.6), while the prices of kerosene dropped by 10.1%, from JD118.90 ($167.7) to JD106.85 ($150.7) per ton.

The prices of liquefied gas for May increased from JD173.85 ($245.2) per ton to JD241.06 ($340).

As for the price of fuel oil, it decreased from JD102.88 ($145.1) per ton to JD93.52 ($131.9), a decrease of 9.1%.

In the third week of April, benchmark Brent crude prices have risen from JD13.61 ($19.2) to JD15.67 ($22.1) per barrel.