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Belarus increases gasoline prices

Retail prices on gasoline and other oil products have been raised in Belarus from November 10, for the tenth time in the current year

MINSK, November 10 (Itar-Tass) —— Retail prices on gasoline and other oil products have been raised in Belarus from November 10, for the tenth time in the current year.

Thus, gasoline prices have been increased by an average of three percent. Brand AI-95 gasoline now costs 5,550 Belarusian roubles (0.64 U.S. dollars) per liter, AI-92 gasoline costs 5,150 Belarusian roubles (0.59 U.S. dollars) per liter, and the price on diesel fuel stands at 5,750 Belarusian roubles (0.66 U.S. dollars) per liter.

“The price adjustment was necessitated by the devaluation of the national currency as a step to compensate the losses oil refineries sustain while selling car fuels on the domestic market and to curb speculative gasoline exports to neighboring countries where gasoline prices are much higher,” a spokesman for the Belneftekhim concern said.

Last time Belarus increased fuel prices on October 16. Gasoline prices then went up by three percent and prices for diesel fuels – by 5.1 percent.

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