Global Oil Derivatives Prices Decline in the Second Week of December

Global Oil Derivatives Prices Decline in the Second Week of December
Global Oil Derivatives Prices Decline in the Second Week of December
The Ministry of Energy and Mineral Resources released its weekly bulletin on oil derivatives and Brent crude prices in global reference markets for the second week of December, showing a decline in most petroleum product prices, while liquefied petroleum gas (LPG) recorded a notable increase.اضافة اعلان

The bulletin indicated that the average price of 95-octane gasoline in the second week of December reached $680 per ton, compared to $693 per ton in the first week, marking a decrease of 1.9%.

Similarly, the average price of 90-octane gasoline fell to $662 per ton in the second week from $674 per ton in the first week, a drop of about 1.8%.

Diesel prices declined from $615 per ton in the first week to $598 per ton in the second week, a decrease of approximately 2.8%.

Kerosene prices fell from $676 to $656 per ton, a decline of around 3%.

The average price of heavy fuel oil decreased slightly from $337 to $334 per ton, a drop of about 0.9%.

In contrast, the average price of LPG rose from $464 per ton in the second week of November to $488 per ton in the first week of December, an increase of roughly 5.2%.

Brent crude prices also declined, with the average price falling to $63 per barrel in the second week of December, compared to $64 per barrel in the first week, a decrease of about 1.6%.