Consumers should prepare for significantly lower fuel prices at petrol stations, and up to 10 to 15 cents per liter of petrol could come. Said this in the commentary Marek Germans, analyst of financial markets XTB. However, the development of prices may also be influenced by another US notice. “For now, however, it seems that motorists can prepare for significantly cheaper fuel prices,” approached the analyst.
Explained that The fall in oil prices primarily came after the announcement of President Donald Trump in connection with business policy and duties imposed on all countries. Although these duties were immediately postponed by 90 days, duties of 125 % to China and 10 % duties remained in force, which will again have a negative impact on the development of the world economy and global trade.
“This slowdown negatively affects consumer demand for oil and the prices have responded significantly to these reports, located at the levels four years ago,” underlined. The Germans added that further notifications on the direction of commercial policy are currently a dominant fundamental factor in the oil market. This responds volatile to these reports, as duties can significantly affect the future direction of the global economy.
