Will fuel prices hit our pockets?

Fuel market
Will fuel prices hit our pockets?
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Although for the time being we have not seen any major changes in fuel station prices, it is possible that this will change quite soon due to increases in fuel prices at refineries.

Recently, the meeting of the OPEC+ Ministerial Committee, which had the opportunity to recommend a halt to the easing of production restrictions planned for January, received extraordinary media attention. This decision could halt price declines. However, we will not know the final outcome of the negotiations until November 30 and December 1, when the next summit will be held.

Although the refinery price of gasoline fell last week, an increase in the price of diesel was observed. Instability in the fuel market and geopolitics could negatively affect fuel prices.

(Photo by Zbynek Burival on Unsplash)

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