Fuel prices drop globally: government

Economy

Published: 2020-11-09 14:54

Last Updated: 2020-11-09 14:59


Fuel prices drop globally: government
Fuel prices drop globally: government

Fuel prices witnessed a significant decrease during the first week of November compared to their average prices in October, announced the Ministry of Energy and Mineral Resources Monday.

In November, 90-octane gasoline reached $355.20 per ton compared to $380.50 in October, decreasing by 7.6 percent.

Additionally, 95-octane gasoline decreased from $392.50 per ton to $367.10 per ton, decreasing by 6.5 percent.

Additionally, the ministry added diesel prices dropped from $328.50 per ton to $316.70, decreasing by 3.6 percent and kerosine prices decreased from $325.20 per ton to $320.50 per ton, decreasing by 1.4 percent.

Fuel oil prices recorded a decrease in the first week of November, decreasing from $250.60 per ton to $249.90, with a decrease of 0.3 percent.

Liquefied petroleum gas (LPG) prices rose to $437.50 per ton in November, compared to $378.80 in October.

The price of Brent crude decreased to $38.40 per barrel, compared to $40.20 in October.