Gasoline for 130 rubles per liter?!

29 June 2018

Norwegian filling stations set a new world record retail fuel prices!

New figures from Statistics Norway recorded a new world and national record retail price of gasoline and diesel fuel in this Scandinavian country.
Statistical data Bank of Norway began to take into account the average price of fuel in the consumer price index since August 1986, when one liter of unleaded 95-octane gasoline cost 4 crowns and 4 era, and a liter of diesel fuel cost the descendants of Vikings in 1 crown 97 era.
In may 2018, the peak in fuel prices in Norway were registered in both categories: NOK15,95 for gasoline and NOK15,16 for diesel fuel.
The price of gasoline has exceeded the level of CZK 15 all four of the first five months of the year, while diesel for the first time exceeded the 15-cron level.
The price of gasoline in may was on the crown of 1.57 per litre higher compared to the same month in 2017, while the price of diesel fuel increased in total by 2.1 crown.br> Retail fuel prices in Norway is mainly determined by three factors: taxes, the wholesale price for petrol and gross profit of the industry, which, according to most of the processing industry, account for, respectively, 60, 30 and 10 percent. The purchase price is influenced by world oil prices, exchange rates and world market condition, and a 10 percent gross profit to actually cover the expenses and profit of the industry.
During the week the price of fuel jumps in two stages between a good profit and zero profit, and so stable that the Norwegian competition authority acknowledged the competition in this market is "significantly limited".
"We believe that gas stations actually entered into a cartel agreement about the agreed price and silently raise fuel prices on Mondays and Thursdays. Customers adapted, when the company first started to raise prices on Mondays since 2004. And yet it is not obvious that a coordinated price increase is so problematic, and also not sure it really profitable for the gas station," – said in February 2017, the senior adviser of the office for competition Sigurd Birkeland.
In light of the above: if such things as many years of cartel local "benzinschiki do" can not be overcome even in the considered "exemplary transparent" market economy Norway, what wonder constant problems in a very more "neurinoma" or "renderimages" the Russian economy, where price fixing and appetites fuel monopolies are much less controlled as the state supervising structures, and located in the still "infant" state, consumer societies.

PS the photo on the splash screen shown even higher prices at a local filling station network ESSO in Baerum, in terms of rubles just reaching 130 RUB. per liter of gasoline and 123 rubles. per liter, diesel

P. P. S. the fact is that today Norway leads the world in penetration of electric vehicles on the automotive market – their share increased from 38% in 2017 and 42% in the first five months of 2018. Simultaneously, the demand for diesel light vehicles (which largely contributed to the "deselect"), which has lost since last year, more than 26%. Pace, experts say, diesel will become extinct in Norway by the winter of 2020/21 year, and gasoline engines not much later, so that in 2025 will not even have to enter a government ban on the sale of cars with internal combustion engines – market will handle it. Which begs a reasonable question, but not such exorbitant fuel prices – part of "electromobile conspiracy"?! The domestic authorities only declare its commitment to the development of electric mobility topics, periodically, however, focused on gas fuel, but in terms of growth in fuel prices acted in the same way as the Norwegians..