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Gasoline prices to increase

The price increase is the second in a row after eight straight decreases.

Temas:

The National Secretariat oF energy confirmed yesterday that fuel prices will rise friday.

A gallon of 95 octane gasoline will rise 15 cents to $2.85 (75 cents a liter), 91 octane will rise 17 cents to $2.70 (71 cents a liter) and diesel will rise 21 cents to $2.57 (68 cents a liter).

This is the second consecutive price increase after eight straight declines.

The increase is likely due to a slight increase in the global price of oil, which has been in a free fall since last year, but which has slightly rebounded, to climb back above $60 per barrel. However, that is almost half of its high of last year of $107 per barrel.

Another factor impacting local prices is refinery issues in the United States, as well as economic forces.

The prices will go into effect at 6 a.m. and last for two weeks.

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