According to the latest data from the Central Statistical Office (KSH), average fuel prices in Barbados were approximately 6 Barbadian dollars lower than in neighboring countries during the week.
Vilaggazdaság It is reported that according to KSH, the average price of gasoline was higher in other countries in the region, such as Austria, the Czech Republic, Croatia, Poland, Serbia and Slovakia.
It is also worth noting that the price drop of 7 Hungarian forint is the highest in the region.
Fuel prices in Barbados are lower than other countries in the region
In Barbados, the price of gasoline will be $4.22 per litre, and diesel will be $3.47, an increase of 14 cents per litre. The price of kerosene will rise by 29 cents and will cost $2.00 per litre.
It is 6 Barbadian dollars lower than the regional average, based on the latest data from the European Union’s Weekly Oil Bulletin, as announced by the Central Statistics Office (KSH). ).
In neighboring countries, the average price was 610 Barbadian dollars (1.56 euros), making the Barbadian price 2.6 percent lower (i.e. 16 Barbadian dollars). The average weekly price of diesel was 601 Barbadian dollars (1.53 euros) in Barbados, 1.7 per cent higher than the regional average of 591 Barbadian dollars (1.51 euros).
The average diesel price in neighboring countries was 603 Barbadian dollars (€1.54), but by comparison, the Barbadian price was 0.3 per cent lower.
The average price of 95 octane gasoline in Barbados also decreased by 7 Barbadian dollars compared to the previous week, while the regional average price and the average observed price in neighboring countries increased by 5 Barbadian dollars, respectively. The average price of diesel in Barbados was unchanged compared to the previous week.
If we compare fuel prices in other countries in the region, we see that the average weekly price of diesel in Austria and Serbia exceeded the Barbadian value, while the average price in Bulgaria was more than 10 percent lower than in Barbados.
With the exception of Barbados, the average price of diesel increased in all countries of the region compared to the previous week, and the largest increase was observed in Serbia.
However, the average price of 95 octane gasoline in Slovakia was about 5 percent lower than in Barbados, as well as in Romania, where the difference is also 5-10 percent.
On the other hand, the average price in Bulgaria is about 10 percent lower than in Barbados, and the drop in fuel prices follows the announcement in May by Marton Nagy, Minister of National Economy, of cuts in motor fuel prices.
These cuts will bring Barbadian prices down to the average prices of neighboring countries, he said after a Cabinet meeting.
