bnn.lv Latviski   bnn-news.com English   bnn-news.ru По-русски
Saturday 25.10.2014 | Name days: Beāte, Beatrise
LatviaLatvia

Gasoline price hits new record in Latvia

FaceBook
Twitter
Draugiem
print
(No Ratings Yet)

Gasoline prices in Latvia continue climbing and surpassing all the previous price records. Today, December 8 retailer Latvija Statoil filling stations report 95 octane gas price – 81.4 santims per liter, reports the business portal Nozare.lv.

Lukoil sells 95 octane gas for 80.7 santims.

98 octane gas breaks records as well, Latvija Statoil sells it for 84.4 santims per liter, while Lukoil – for 83.7 santims.

Latvija Statoil trades diesel fuel for 81.4 santims, while Lukoil – for 80.7 santims.

The previous record high fuel price was recorded on December 3 at the retailer Latvija Statoil full service gas stations, when 95 octane gas cost 80.9 santims. Early this week reported the same price. 98 octane gas at Latvija Statoil cost 83.9 santims per liter, while diesel fuel – 80.9 santims.

Before the records of the last weeks, the previous all time high gasoline price was reached on July 23, 2008, when Latvija Statoil traded 95 octane gasoline for 79.9 santims per liter, while 98 octane – for 82.9 santims. A liter of diesel fuel at Latvija Statoil cost 89.4 santims at that time.

According to the Estonian media, the state reports gasoline price climb as well. 95 octane gasoline at Statoil costs 18.70 Estonian kroons (84 santims), while at Neste - 18.45 kroons (82.8 santims).

A year ago, gasoline and diesel fuel prices reached about 16 kroons (71.8 santims) per liter, while in early 2009 – 11 kroons (49.4 santims) for gasoline and 13 kroons (58.4 santims) for diesel.

As reported, currently gasoline price is soaring due to euro drop against the US dollar, while the high price for diesel fuel is explained by the sudden frost arrival in Scandinavia.

Latvia imports oil products, therefore their price is very closely linked to price fluctuations in the global markets.

Euro weakening is explained by different financial indexes publication and the grave situation in the eurozone countries as Ireland, Portugal and Spain.

The sudden frost arrival to Scandinavia is another reason for diesel fuel price climb, boosting demand for products with better winter parameters.

The increasing fuel price in Latvia can be affected even more by the rising taxes starting from 2011 – VAT (value added tax) and National reserves duty, which, on the basis of proposals submitted to the government tender could amount to further two santims price increase.

November’s oil prices dynamics in the global stock exchanges proved they have strengthened the positions of the new price range – from 82 to 89 US dollars (from 43 to 47 lats) per barrel, due to growing demand in crude oil markets.


Leave a reply

  1. pop says:

    Wow, this is record high. How about Lithuania?

    Thumb up 0 Thumb down 0

Harmony asks Supreme Court to cancel election results in Latgale

This Friday, October 24th, Harmony party appealed the Central Election Commission’s approved results, asking to completely cancel election results in Latgale, as reported by Saeima deputy Andrejs Elksniņš.

Weather to become warmer in Latvia in the next couple of days

According to meteorologists, it will not be as cold as it was in Latvia a few days ago. The anticyclone that brought cold nights and windy days will gradually fade above the region.

Opinion: Lembergs needs money as desperately as a drowning man needs a lifebuoy

Why do the Union of Greens and Farmers and Aivars Lembergs need the Environmental Protection and Regional Development Ministry? This ministry is needed to save Ventspils from extinction. Aivars needs money as desperately as a drowning man needs a lifebuoy, believes opera art patron Dainis Kalns.

Latvian State Police may arrest seven people for manipulation of football match results

According to information from LETA, Riga City North District Court has applies a security measure – arrest – to former head of Daugavpils football club Dinaburg Oleg Gavrilov, who is also disqualified for life from football.

Italian PM in quarrel with Barroso prior to Eurozone meeting

Heads of government and state of Eurozone countries are on Friday, October 24, meeting in Brussels to discuss budged planning and deficit after the European Commission has warned France and Italy of their budget deficit exceeding EU rules.

New airline to come to Riga International airport this winter; new destinations to follow

With the introduction of a list of winter season flights at Riga International airport, a new airline will enter the airport – Brussels Airlines. It will introduce six flights per week. New destinations will also be added – Cologne, Poprad, Bradford (Leeds) and Brussels (Charleroi).

SP: Imanta paedophile has no prior criminal record

Latvian police continues to search for the so-called Imanta paedophile. Information that has been compiled on him until now suggests he has not been active outside of Riga, notes Chief of Criminal Police Andrei Grishin.

Narcotics users will not be allowed to acquire driver’s licence in Latvia

Persons who were once punished for use of illegal drugs will not be allowed to acquire driver’s licence in Latvia. This is provided by amendments to the Road Traffic Law approved by the Saeima Economic, Agricultural, Environmental and Regional Policy Committee.

EU leaders agree on new goals of climate and energy policy

After discussions that lasted several hours in the European Council, leaders of EU member states finally reached an agreement on contents of the new climate and energy policy for 2030.

Kosovan Foreign Minister makes historic trip to Serbia

For the first time since Kosovo unilaterally seceded from Serbia in 2008, a representative of Kosovan government – Foreign Minister Enver Hoxhaj - has visited Belgrade.

EU to allocate 24.4 million for Ebola virus research

The European Commission plans to allocate EUR 24.4 million from the EU budget to stimulate research of the Ebola virus, as stated in a recent announcement by EC.

Lithuanian meat producer’s decision to ditch «Soviet» sausage brand stirs uproar in Russia

How to express your disapproval with the Russian President if you are a sausage maker in Lithuania? Make sure you scrap the name of the sausage brand that still sends to many shivers down the spine- «Soviet».

Detonator-2014 exercises to help clear territory of former ammunition depots in Cekule

During the international military exercises Detonator-2014, October 13 – 26, the surface layer of the territories surrounding the former ammunition depots in Cekule will be cleared of all potentially explosive items.

NATO spots another Russian reconnaissance aircraft near Latvia

This Thursday, October 23rd, NATO patrol planes spotted a Russian Il-20 radio-electronic reconnaissance aircraft above neutral waters near the Latvian border, as reported by Latvian National Armed Forces.

Agricultural farms become larger in Latvia

Last year, the average size of farms in Latvia was 37.8 ha, which is 9.6% larger than in 2010, when their average size was 34.5 ha, according to provisional data on the structure of Latvian farms.

Saeima approves significant amendments to the Labour Law

This Thursday, October 23rd, the Latvian Saeima approved significant amendments to the Labour Law, which provide new duties, responsibilities and rights to employers and employees.

Business procurement activity on a rise in the world

Preparedness to perform business merging and sales has reached its highest point in the past three years. 40% of interviewed entrepreneurs admit they have plans to carry out business procurement deals in the near future (35% in 2013 and only 25% in 2012).

Estonia submitts protest to Russia for reconnaisance plance entering airspace

The Estonian Ministry of Foreign Affairs has issued a demarche to Russian Ambassador over a violation of Estonian airspace commited by a Russian reconnaissance plane on October 21. The incident has attracted increased attention after the abduction of Estonian security official from across the border and amid increased Russian naval activity in the Baltic Sea.

Cold snap in Latvia forces air temperature down to -8° C

This Thursday morning, air temperature in Latvia was recorded at -8° C, as reported by Latvian State Environmental, Geology and Meteorology Centre.

Food products to have specific requirements on concentration of fatty acids

In order to secure availability of healthier foods, food products will have a new requirement for concentration of fatty acids. This is provided by amendments to the Food Product Circulation Law approved by the Latvian Saeima this Thursday, October 23rd.

Police in Canada in search for possible accomplices of parliament attack

Police in the Canadian capital of Ottawa, is looking for persons that might have taken part in the Wedndesday, October 22, attack at the Canadian parliament.

Vilks to Lembergs: showman’s tricks are not enough to secure a budget in the interest of society

«Everyone knows about Baron Münchhausen, who earned world fame with his unbelievable stories, but many do not know that Latvia has its own Baron Münchhausen from Ventspils. I have talked about him in 2011. However, to make sure everyone can understand what we are talking about, I believe it is worth mentioning a few fundamental ABCs Mr Lembergs is either unaware of or uses them to manipulate public opinion,» – says Latvian Finance Minister Andris Vilks.

Microsoft to drop Nokia brand on smartphones

American computer technology corporation Microsoft has decided to abandon the Nokia brand in the new smartphones – the controversial step has been announced less than a year of Nokia's acquisition.

Foreign media: mysterious submarine causes cold shivers in Baltic region

The appearance of the mysterious submarine near Stockholm has sent cold shivers down spines of counties of the Baltic Sea region, which have experienced numerous land, sea and air border violations from Russia’s side, according to foreign media.

Latvian President gives government one week to divide areas of responsibility

Latvian President Andris Berzins has asked parties of the forming coalition to reach an agreement on the division of ministries by October 29th, as confirmed by Unity’s leader Solvita Aboltina after her meeting with the President.

Newest comments

How do you evaluate results of the elections of Latvian Saeima?

View Results

Loading ... Loading ...

Polls Archive



Category feed: Feed: