Fuel companies to cut oil prices
Fuel companies to cut oil prices
4/9/2006 15:40
The Cypriot consumers will enjoy a price cut on fuel from Tuesday. Petrolina will be once again the first to reduce its prices, selling unleaded 98 57.3 cents, unleaded 95 55.7 cents and diesel 54.3 cents. The prices of the remaining oil products will remain the same.

This drop is linked to the drop in the price of oil in the international markets. The ongoing drop in the price of crude oil ($68 per barrel) is attributable to the fact that the demand in the US will drop since the United Nations will solve the problem with the nuclear plan of Iran without affecting the oil supplies.

The crude oil reached $68.31 per barrel in New York, while in London (10.34 am) it was trading at $68.50 per barrel. The Brent dropped to $68.05 per barrel in the ICE Futures of London.

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