While the price of the umbrella climbs, surprisingly that of petrol goes down in August, giving a breath of oxygen to the millions of Italians who will drive to go on vacation these days.
According to the latest data of the Observatory on fuel prices of the Ministry of Business and Made in Italy, even in the week of Ferragosto, we “record new discounts” with today’s values, compared to last Friday, lower than 0.3 cents per liter for petrol (1.71 euros/liter) and 0.5 cents per liter per diesel (1.64 euros/liter).
“The descent of pump prices continues along the Italian distribution network in the wake of the trend of the international markets of raw materials and refined products”, says Mimit, stressing that in the central week of August, the pump prices are – both for petrol, and for diesel – “at the lowest levels since 2021”, before the Russia war in Ukrainian: the petrol today costs 11.6 cent/l less than a year ago, 23.3 cents/l less than two years ago and 5.4 cents/l less than three years ago while the diesel marks -6.2, -19.9 and -10.9 cents respectively.
“Revassious trend that has also been confirmed since the beginning of the year, with the exception of the bullish parenthesis from 12 to 25 June due to the conflict in the Middle East”, explains the Ministry of via Veneto. “On January 23, the level at the pump was for the petrol of 1.83 euros/liter (now lower than 12 cents) and for the diesel of 1.74 euros/liter (now lower than 10 cents)”, underlines Mimit.
Well for Codacons the drop in fuel prices in August, but still is not enough. “The reduction of petrol and diesel prices along the network is positive for the millions of citizens who move in the car in these days to reach the holiday resort”, explains the consumer association. “However, we believe that there are still no enough: there are large margins for a further reduction of the lists to the pump, also in consideration of the fact that the oil prices have fallen by -16.7% from June to today, while in the same period the prices of petrol and diesel have just reduced by -2%”, Codacons shows, specifying: “It is true that the oil prices are not the only index that determines the price that determines the price of the price Pump fuels, but at the same time such a strong reduction in crude oil should have influenced more on the lists practiced to the public “.
Meanwhile, overseas the oil stocks in the last week have increased by 3.04 million barrels, after the unexpected drop in the previous week, according to the data of the Energy Department. Foot stocks could indicate an increase in demand and therefore pushing the prices on the rise, vice versa in increasing stocks could mean a drop in demand and therefore lead to a descent of the oil price, analysts explain.