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EU OIL PRODUCT PRICES START TO PICK UP AGAIN.

Coinciding with a cold snap across Europe, the latest Oil Bulletin for the EU-25 published on January 24 by the European Commission's Directorate-General for Transport and Energy points to a renewed rise in pre-tax prices for petroleum products across the EU. Compared with prices recorded on January 10, the average pre-tax price of unleaded Euro-super (95 octane rating) in the EU-25 had climbed back up to Euro 317.82/1,000 litres from an average of 311.85. As at January 10, diesel prices were slightly lower, at Euro 380.40/1,000 litres, from an average of 381.94 a month earlier. The price of heating oil was back up to an average of Euro 328.19/1,000 litres (compared to 319.681 on January 10). Heavy fuel oil prices have made an about-turn, too. The price of low-sulphur fuel oil was back up to an average of Euro 197.22/tonne (compared with 183.60 at the time of our last bulletin). The price of high-sulphur fuel oil also climbed to Euro 162.47 a tonne, compared with 149.27 on January 10.

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Publication:Europe Energy
Date:Jan 28, 2005
Words:186
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