Fuels have been getting cheaper since the beginning of October, after they had risen in price for about four months. According to analysts, the discounting should continue in the following week.
According to XTB analyst Jiří Tyleček, the stabilization of oil prices and wholesale fuel prices had a positive impact on fuel prices in the last week. He recalled that the Czech crown, which stopped its weakening in October, also played a role.
According to analysts, the price reduction should continue in the following days. According to Purple Trading analyst Petar Lajsko, it could also accelerate, as the correction on the oil market could gradually be reflected in prices. “Concerns about the conflict in the Middle East have been replaced by concerns about the health of the global economy. In the main economies, industry is weakening and central banks will probably keep high interest rates for a longer period of time. This could reduce the demand for oil,” explained Lajsek.
Tyleček also expects a drop in prices in the next week, for diesel by about 20 to 30 shillings per liter, for gasoline then even more pronounced. According to Tyleček, the reason for the slower diesel price reduction is the expected increase in demand for heating oils, which are produced by a similar process to diesel. At the same time, however, he pointed out that recently there has been a noticeable increase in refineries’ margins, which could also weaken the discounting gasoline. The head of the 4Trans company, Jaroslav Ton, also expects the same development in diesel prices. He pointed out that diesel fuel in the Czech Republic has been the second cheapest since spring compared to the surrounding countries.
Drivers in the Ústí Region refuel the cheapest. Liter gasoline there, on average, it costs CZK 37.90, while a liter of diesel costs CZK 38.78. On the contrary, gas stations in Prague offer the most expensive fuel. A liter of diesel in the capital is on average 40.46 CZK, a liter of diesel for 40.87 CZK.
In a year-on-year comparison, fuel is now significantly cheaper. A year ago, motorists paid for benzine by 3.46 crowns more, for diesel by 7.61 crowns more.