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February 23, 2022
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Conflict in Europe raises the price of oil

Conflict in Europe raises the price of oil

Before him , the international price of oil is about to reach US$100. Yesterday, a barrel of Brent for delivery in April finished in the London futures market at US$96.84, although in the early hours of the morning it was trading at US$99.32. Meanwhile, intermediate oil from Texas closed the day on Tuesday with an increase of 1.9% reaching US$91.91.

Former Energy Vice Minister Pedro Gamio explained that the price could exceed US$100 in the coming days.

“This causes the price of gasoline to rise in our country, the diesel used in transportation, the used in home cookingcommented.

According to the reference fuel prices, oil derivatives rose in one week. For example, gasohol 97 went from S/10.71 seven days ago to S/10.73, while gasohol 95 went from S/10.54 to S/10.56.

Gamio indicated that in the short term the “discount coupon” (subsidy) could be increased for families that consume LPG because the incorporation of this product into the Fuel Price Stabilization Fund “is not reaching the final consumer”.

However, he pointed out that it is necessary to accelerate the mass use of natural gas (NG). “In Colombia, NG has exceeded 70% penetration; in Peru only 22%”, he added.

Data

-A week ago, Opecu reported that Repsol and Petroperú raised their prices and that these amounts were “above international variations.”

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