Be prepared for a hike in fuel prices!

Be prepared for a hike in fuel prices!
Be prepared for a hike in fuel prices!

A member of the Gas Stations Owners Syndicate, George Al-Barraks, expected that “in the coming weeks we will witness continuous increases in the prices of fuels such as gasoline, diesel and gas, due to the rise in the global oil price, which touched $85,” noting that “the reason for its rise is due to the return of the global economy to its natural position.” After the Corona crisis, in addition to the rise in the price of gas globally.”

He said in a call to the “National News Agency”: “On the other hand, the price of fuel is affected by the local dollar exchange rate, which exceeded twenty thousand pounds, and this will lead to the price of (gasoline) reaching three hundred thousand pounds during the next three weeks.”

Al-Barraks also expected “an additional rise in the price of a barrel of oil because OPEC did not increase its production, which amounted to 486,000 barrels per day, with the increasing demand for oil.”

 
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