Last minute: Brent crude barrel prices, which rose to $ 107.50 in the international market yesterday, ended the day at the level of $ 106.64, leaving the place where the downward winds of Brent crude oil rose. Today, the price of Brent crude oil per barrel has reached $ 109. There is concern that the possibility of a ceasefire agreement between Russia and Ukraine leaves the place uncertain and sanctions on Russia may increase in the market. So how is this rise in Brent crude reflected in fuel? Are there any price increases for gasoline and diesel? The question that came to my mind.
Why did the oil price go up?
Experts said US President Joe Biden used the term “war criminal” for Russian President Vladimir Putin, and Putin’s remarks caused a buy-out in the market.
Experts say progress on the Russian-Ukrainian war continues to determine the direction of the market, and the Kremlin spokesperson Dmitry Peskov expects the market to proceed with ceasefire negotiations. Pointed out that he weakened.
“A draft between Russia and Ukraine on a ceasefire and the withdrawal of troops in return for the Kyiv administration’s transition to neutrality and the reduction of troops,” said a spokeswoman for the British Financial Times news. .. “For now, I think it’s early to announce the agreement package.”
Fuel can be high
Crude oil prices peaked in 13.5 years, rising one after another, and the rise in the price of one barrel of Brent crude oil raised the possibility of new fuel prices rising. However, EMRA and EPGIS have not yet made a statement on this matter.
Discounts arrived in case of connection
Top milk was discounted for three days after the gasoline and diesel fuel price increases in March. Following the 2.38TL discount on diesel prices on March 15th, there was a new discount on diesel price 93 Cruz and gasoline price 1.76TL on March 16th. On March 18th, gasoline prices were reduced by 62 cents and diesel discounts by 1 lira and 1 cent.
Fuel price conference from EMRA
An important statement came from a meeting yesterday by the Energy Market Regulatory Authority (EMRA) with sector representatives. Regarding a meeting held by the Energy Market Regulatory Authority (EMRA) with sector representatives, “EMRA is a law that imposes a maximum price to prevent consumers from being sacrificed if they detect movements that violate the distributor’s formulation. Evaluating the latest data, EMRA President Mustafa Yurmaz said that if an unreasonable rise in selling price profits is detected despite a fall in oil prices, the “upper price” I remembered that the application could come to the fore again.
“We recommend applying for a ceiling price.”
EMRA President Mustafa Yurmaz said that protecting the free and competitive structure of the fuel industry is EMRA’s priority and the issue of margin allocation between distributors and distributors should be fairly resolved between the parties. I emphasized that. There are still distributors and dealers within the fuel price range. The margin is a reasonable level. These amounts certainly cause bankruptcy and closure of dealers and are not at the level of fuel shortages as claimed. The benefits of the process we are experiencing should not be seen as a viable approach to our industry. Evaluating the latest data on oil prices, Yılmaz recalled that the “maximum price” application could come to the fore again if it detects an unreasonable increase in profits. Selling price despite falling crude oil prices.