Gasoline in Lithuania is the cheapest in the Baltic States
Over the past week, average fuel prices have decreased in all countries except Estonia, where prices remained unchanged. The average prices of gasoline decreased by 0.003-0.034 EUR/l, diesel – by 0.016-0.04 EUR/l. The average price of gasoline decreased the most in Germany (1.71%), diesel – in Latvia (2.17%).
Average gasoline prices in Lithuania have been decreasing for the 5th week in a row (since August 22) – during this period, the average price of gasoline has decreased by 0.109 EUR/l, the average price of diesel has decreased by 0.067 EUR/l in the last 3 weeks (since September 5).
Base (wholesale) prices in Lithuania from June 20, when the long-term trend of lowering fuel prices began, until September 19. decreased: base price of gasoline (Orlen Lithuania data) – 0.382 Eur/l, diesel – 0.338 Eur/l. The average price of gasoline in Lithuania (1.655 EUR/l) is lower than diesel (1.774 EUR/l) for the 6th week in a row.
Base (wholesale) prices in Lithuania from June 20, when the long-term trend of lowering fuel prices began, until September 19. decreased: base price of gasoline (Orlen Lithuania data) – 0.382 Eur/l, diesel – 0.338 Eur/l.
Analyzing the structure of the gasoline price and its changing trends in Lithuania, it was observed that in September the base (wholesale) price of gasoline without taxes was 0.73 EUR/l, the average selling costs (margin) without taxes was 0.2 EUR. The share of biofuels averaged 0.03 EUR/l.
Analyzing the structure of the diesel price and its changing trends in Lithuania, we noticed that in September the base (wholesale) price of diesel without taxes was 0.93 EUR/l, the average sales costs were 0.18 EUR/l. The share of biofuels averaged 0.04 EUR/l.
Crude oil prices continue to decline
Brent oil fell $6.9 per barrel, Urals oil fell $6.1 per barrel. During the last 4 weeks (August 29 – September 26), the price of Brent oil remains at the level of less than 100 USD per barrel. The last time Brent prices were below $100 per barrel for 4 consecutive weeks was m. January 10 – February 7