The price of gasoline of 95 octane is now cheaper: the decreases ranging from two to five cents per liter, which is costing the major networks in 1179 euros. Since June 2005 that the price of petrol in Australia was not in this figure. With diesel, the declines were more modest, between two and four cents per liter for a price of EUR 1079, for example in Galp. It would take back to July 2007 to find equivalent values in the domestic market.
In July this year when prices were achieved highest-ever in Portugal, following the record achieved by oil, gasoline was up from 1.5 euros and diesel cost 1.43 euros. Since then, and doing the accounts to the figures announced by major oil yesterday, the two most fuels consumed in Portugal fell more than 30 cents (60 francs) per liter, or 24%. The drop in prices, which accompanies the vertiginous fall of crude oil and refined products, has been most felt in mid-October, perhaps as a reaction to the protests of public associations and sectors against what they considered to be a very slow decline in prices Portugal, especially given the increases.
Looking more closely, we see gasoline fell nearly 38 cents since July. In the low diesel is the order of 35 cents per liter. For those who fill the tank, this means a savings between 18 and 19 euros for each supply to 50 liters. The reduction in the bill ranges between 21 euros and 22.5 euros to supply 60 liters, depending on the car is a diesel or gasoline, respectively. Since the beginning of the year, the declines are less expressive, especially in gasoline, whose price fell about 14 cents per liter. With diesel, the decline exceeds 20 cents per liter.
Balances to stop falls
The fall in prices has not been sufficient to counteract the decline in consumption at least in the third quarter when sales of petrol back 7.5% and those of diesel fell 2.5%. The situation affects more the national oil that they are losing market share for distribution. A recent study by TNS World Panel said that large areas were responsible for 19% of sales in the first half, which share the industry classifies as exaggerated. Even so, and to stem falls in sales, some major oil launched aggressive promotions with discounts on the order of six cents per liter to the end-of - week.
In July this year when prices were achieved highest-ever in Portugal, following the record achieved by oil, gasoline was up from 1.5 euros and diesel cost 1.43 euros. Since then, and doing the accounts to the figures announced by major oil yesterday, the two most fuels consumed in Portugal fell more than 30 cents (60 francs) per liter, or 24%. The drop in prices, which accompanies the vertiginous fall of crude oil and refined products, has been most felt in mid-October, perhaps as a reaction to the protests of public associations and sectors against what they considered to be a very slow decline in prices Portugal, especially given the increases.
Looking more closely, we see gasoline fell nearly 38 cents since July. In the low diesel is the order of 35 cents per liter. For those who fill the tank, this means a savings between 18 and 19 euros for each supply to 50 liters. The reduction in the bill ranges between 21 euros and 22.5 euros to supply 60 liters, depending on the car is a diesel or gasoline, respectively. Since the beginning of the year, the declines are less expressive, especially in gasoline, whose price fell about 14 cents per liter. With diesel, the decline exceeds 20 cents per liter.
Balances to stop falls
The fall in prices has not been sufficient to counteract the decline in consumption at least in the third quarter when sales of petrol back 7.5% and those of diesel fell 2.5%. The situation affects more the national oil that they are losing market share for distribution. A recent study by TNS World Panel said that large areas were responsible for 19% of sales in the first half, which share the industry classifies as exaggerated. Even so, and to stem falls in sales, some major oil launched aggressive promotions with discounts on the order of six cents per liter to the end-of - week.
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