Local fuel prices decreased again by K25 per liter within one week as global oil prices went down to around US$53 per barrel on October 2, according to local filling stations.
Global oil prices were US$64 per barrel on April 16 this year, US$66 on April 23, US$51 on June 12, US$60 on July 10, US$51 on August 7, US$53 on September 3, US$62 on September 16 and US$53 on October 2.
Local fuel prices increased by K160 to K255 per litre in nearly six months from January to May this year accounting for 18 percent to 36 percent. Then the prices were down 11 percent to 14 percent from May 30 to June 21. From June 21 to July 19, the prices increased again by 11 percent to 14 percent. The prices decreased by 3 percent to 5 percent from July 19 to August 10. As from August 15, local fuel prices increased a little.
On October 2 in local market, maximum prices available at local filling stations were K935 for one liter of diesel (K4,250 per gallon), K945 for one liter of premium diesel (K4,295 per gallon), K840 for one liter of 92 Ron octane (K3,818 per gallon) and K930 for one liter of 95 Ron octane (K4,227 per gallon). Prices decreased by K25 per litre compared to the prices available on September 25.
