The increase in fuel prices on Tuesday exceeded forecasts following the conclusion of the elections. However, the minister clarified that this rise was anticipated. He stated that, alongside the finance minister, he had previously announced significant shifts in global stock exchanges, necessitating an advance warning of the price adjustments.
The minister’s intention was for consumers to replenish their fuel supplies over the preceding days. There had also been a fuel shortage in certain locations on Monday, despite assurances of sufficient supply. He then directed criticism towards the dominant oil trader, alleging a lack of timely information.
“In the last few days, we have been monitoring the oil market through Petrol, receiving reports that were significantly delayed. This has been a source of disappointment, as the reports lacked the depth of detail provided by other oil traders,” the minister explained. The largest oil trader has now responded, assuring that Petrol’s reports are now offering richer content, addressing the previous concerns regarding the fuel shortage.
Topics: #fuel #shortage #elections
Fuel scarcity concerns escalated after Tuesday’s price surge, surpassing predictions following the election results. The minister explained that this increase was expected, noting prior announcements