Fuel Prices To Go Up Again In October
Price of diesel is expected to go up marginally from the beginning of October, 2021, the Institute for Energy Security forecast indicates.
However, price of petrol is expected to remain same, though some petroleum products including Liquefied Petroleum Gas will also go up.
“For the first Pricing-Window of October 2021, the 4.57% increase in the price of the International Benchmark- Brent crude, the 2.07% increase in price of Gasoline, the 10.28% increase in Gasoil price, the 0.63% depreciation of the local currency against the US dollar; the Institute for Energy Security (IES) projects for price of gasoil to increase and price of gasoline to remain stable on the domestic market at the various pumps as we enter October.”
Meanwhile, some Oil Marketing Companies (OMCs) have started adjusting their fuel prices upwards at the pumps.
One of the market leaders, Shell has taken the lead and it’s now selling a liter of petrol and diesel at ¢6.52.