13:00 on 23 September 2023
In the TV24 program “On the Line”, a viewer asked to explain why fuel is cheaper in Lithuania than in Latvia? The viewer asked: “I was in Lithuania and there 98 gasoline costs 20 cents cheaper than in Latvia.”
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Ojārs Karčevskis, chairman of the board of the Latvian Association of Fuel Dealers, in response to this viewer’s request, said that the explanation is very simple.
“Between our four countries, including Poland, it is usually like this: Estonia has the most expensive, Latvia – in the middle, and Lithuania – the cheapest. The difference is this – three main reasons: firstly, in Lithuania the excise tax is lower than 5 cents; secondly, the state reserve fee for them is less than 1 cent, for us it is 7 cents, which makes a total of 12… And thirdly, they have Lithuanian procurement bans from “Orlen” factories. They are located next to the “Orlen” factory on the territory of Lithuania. These are the three main reasons why it is cheaper in Lithuania,” explained Karčevskis, chairman of the board of the Latvian Fuel Dealers Association, in the TV24 program, answering the audience why fuel is cheaper in Lithuania than in Latvia.
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It has already been reported that the average price of brand 95 gasoline in Latvia increased by 0.5% last week, while the price of diesel fuel increased by 1.9%, according to data compiled by the European Commission (EC) on September 21.
The EC information published this week shows that in Latvia, a liter of brand 95 gasoline cost an average of 1,759 euros in the week from September 12 to September 18, a week earlier the average price of brand 95 gasoline was 1,749 euros per liter, and a week ago it was 1,744 euros per liter.
On the other hand, the average price of diesel fuel in Latvia last week was 1.718 euros per liter. A week earlier, the average price of diesel fuel was 1.686 euros per liter, and a week before – 1.669 euros per liter.
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It has already been announced that the average price record for brand 95 gasoline in Latvia was achieved in 2022 in the week from June 14 to 20, when the average price of brand 95 gasoline was EUR 2.104 per liter, while the record for the average price of diesel fuel was achieved in the week from June 21. until June 27 – 2.108 euros per liter.
The EC collects data on average fuel prices from member states every week.
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2023-09-23 10:10:03
#gasoline #cents #cheaper #Lithuania #Latvia
