Following the drop in global oil prices, fuel prices at the largest gas station networks in Latvia decreased this week, according to aggregated data from the LETA agency.
At the "Neste" gas station, the lowest price for 95-octane gasoline on Friday was 1.72 euros per liter, which is 2.3% or 4 cents lower compared to Monday, June 15.
The price of diesel fuel at the "Neste" gas station decreased from 1.737 euros per liter on Monday to 1.687 euros per liter on Friday, a drop of 5 cents or about 3%.
The lowest price for 95-octane gasoline at the "Circle K" gas station was 1.767 euros per liter on Monday, while on Friday it was 1.764 euros per liter, which is approximately 0.2% lower.
The lowest price for diesel fuel at the "Circle K Latvia" gas station was 1.734 euros per liter on Friday, which is 2 cents or 1.1% lower than on Monday, when it was 1.754 euros per liter.
Gatis Titov, head of the fuel category at "Circle K Latvia," explained that the trend of decreasing fuel prices has been observed since the beginning of May, and this week it became "more noticeable."
He noted that after the situation in the Middle East was resolved, exchange prices for diesel fuel fell below 1,000 USD, although this is still 300-400 USD higher than at the end of February.
Titov also explained that the sharp drop in fuel prices at gas stations observed on June 18 was largely related to competitive activity in the fight for customers ahead of the long weekend.
According to data from the LETA agency, on Thursday, the lowest price for 95-octane gasoline at the "Circle K" gas station was 1.654 euros per liter, while at the "Neste" gas station it was 1.637 euros per liter. Meanwhile, the lowest price for diesel fuel on Thursday at the "Circle K" gas station was 1.614 euros per liter, and at the "Neste" gas station it was 1.597 euros per liter.
As reported, record prices for diesel fuel in Latvia were observed in the week from April 6 to April 12, when the average price was 2.12 euros per liter.
The record average price for 95-octane gasoline in Latvia was recorded in 2022 in the week from June 14 to June 20, when the average price was 2.104 euros per liter, while the previous record for the average price of diesel fuel was observed in 2022 in the week from June 21 to June 27 - 2.108 euros per liter.
