Petrol prices expected to rise mid-March

Fuel prices at filling stations in the Czech Republic will rise in about the middle of March in connection with the conflict in the Crimea largely due to higher prices of crude oil on global markets, the Czech News Agency reportED MOnday after polling analysts. Global crude oil prices reacted to growing tension between Russia and Ukraine on Monday morning and climbed to several month highs, analyst Miroslav Novák of Akcenta told ČTK. Prices of petrol and diesel oil in the Czech Republic could rise by one crown per litre in two weeks.

Author: Jan Velinger