Fuel prices to go up 5-10%

Fuel price to rise in the nearest days.

Charter97.org has learnt it from a source. The information was confirmed by economic observer Tatsyana Manionak.

“The concerned agencies continue to discuss the issue. The size of the excise duty has not been set yet, and the date and the size of the price increase are still being discussed, but the topic is on the agenda. Belarus buys oil for dollars. We see a certain imbalance, and oil refineries are suffering losses. The country needs money. We see a slow devaluation, but the authorities control the process. They make pauses to prevent everything to go up in price simultaneously. It's something like a chain in the car fuel market. Prices must grow. All think so. I think fuel prices will be raised. All documents were ready at the end of last week. The increase is expected to be by 5 or 10%. I heard priced would grow by at least 5%,” she said.

It will be the first increase in 2014. The previous one was on December 28, 2013. According to Belneftekhim company, the prices were revised to “partially compensate for the increase in excise taxes on oil products”.

Fuel prices were increased five times in 2013. As a result, the price of Normal-80 grew by 17%, Ai-92 – by 23.7-26.6%, diesel fuel – by 25.5%, Ai-95 – by 26.7%.