Retail prices of motor fuel raised for fourth time in four weeks

The retail prices of gasoline and diesel fuel were raised in Belarus on April 8 for the fourth time in four weeks.

In particular, the price of 92 octane gasoline was raised from 1.13 to 1.14 rubels per liter, while the prices of 95 octane gasoline and diesel fuel increased from 1.21 to 1.22 rubels and from 1.25 to 1.26 rubels, respectively.

The previous three increases in the retail prices of motor fuel came on March 11, on March 18 and on April 1. Each time the prices were raised by 0.01 rubel per liter. The prices had remained unchanged for more than two years before that.

The Belarusian State Petrochemical Industry Concern (Belnaftakhim) said in a statement in March that raising the retail prices of motor fuel was vitally important to Belarus’ two oil refineries.

Belnaftakhim explained that the price of Russian crude oil for the refineries had soared by 75 percent since January 2015.

The state petrochemical conglomerate warned that the motor fuel prices would continue to be raised gradually. // BelaPAN