Gas prices surge worldwide, data reveals

Economy

Published: 2024-02-15 15:58

Last Updated: 2024-04-14 06:32


Gas prices surge worldwide, data reveals
Gas prices surge worldwide, data reveals

The selling price of 90-octane gasoline surged in the second week of February to USD 828.7 per ton, compared to USD 794.2 per ton recorded in the first week of the same month, representing a 4.3 percent increase, according to figures released by the Ministry of Energy and Mineral Resources.

Data obtained by “Roya” reveals that the selling price of 95-octane gasoline also climbed to USD 869.1 per ton from USD 839.6 per ton in the first week, marking a 3.5 percent increase. Moreover, the average price of diesel rose from USD 737 per ton to USD 772, indicating a 4.7 percent increase.

The ministry highlighted that the average price of kerosene increased from USD 763.2 per ton to USD 800.6, reflecting a 4.9 percent increase. Similarly, the average price of fuel oil saw an uptick from USD 417.9 per ton to USD 432.5, showing a 3.5 percent increase.

Meanwhile, the average price of Liquefied Petroleum Gas (LPG) rose in the second week of February to USD 637.5 per ton compared to January's price of USD 627.5 per ton, representing a 1.6 percent increase.

Conversely, the average price of Brent crude oil surged in the second week of February to USD 85 per barrel, up from USD 80.8 per barrel in the first week, indicating a 5.1 percent increase, as reported by the Ministry of Energy.