The main causes are the rise in the price of a barrel of crude oil on the world market due to the strong dollar and the decline in crude oil production in Saudi Arabia.
Expert predictions New fuel price increases Looking forward to two updates next month. Economists predict that gasoline prices will rise again around October 5th. 30 pesos per liter A new rise will probably be recorded on October 26th, and this trend will continue until at least November.
The main factors influencing price increases are: dollar value in September it fluctuated between 800 and 900 pesos; Increase in the price of a barrel of oil on the world market due to Saudi Arabia’s low crude oil production.
Clapes, Economics Coordinator for Climate Change, Energy and the Environment, University of California; Luis Gonzalez confirmed the rise in fuel prices and emphasized the efforts of . Mepcowithout it, “it would be 130 pesos more expensive.”
Economists at the University of Development carlos smith announced that fuel prices will rise “for several more periods.”
Professor of Economics and Business, University of Chile; Pablo Barberis emphasized that the reason for the sustained increase in fuel prices is due to the increase in exchange rates and the value of a barrel of oil.
Until September 14th, the price of a barrel of Brent crude oil (a type of crude oil extracted primarily from the North Sea in western Europe) will fluctuate. Trades up to 95.2 USD an increase of 6.8% compared to August and an increase of 2.5% over the past 12 months.
