After the latest reduction, a liter of diesel costs 17,39 kronor, the lowest price since August 2021.
The price of gasoline is reduced by the same amount, 20 öre, to 17,69 kronor, according to the recommended prices at manned stations. It is the lowest since January this year.
Behind the significantly reduced diesel prices, from the turn of the year, lies primarily the reduced reduction obligation of biofuels.
That the price continues to decrease is due, according to Christian Kopfer, primarily to the low economic cycle.
The oil is a very transportation-heavy commodity and a commodity that is normally very correlated with the economic cycle, he says.
We also see it in other commodities, such as steel and pulp.
In recent days, the oil price on the world market has gone down. At the same time, the krona has strengthened against the dollar, which is the currency in which oil products are traded.
The fact that the USA has increased its oil production in recent years is also keeping prices down.
At the same time, actors on the oil market do not seem to be particularly worried about an escalation of the situation in the Middle East.
If the market were to assess that there is a high risk of a major war in the Middle East, the oil price would be much higher than today. I think you can say that there is no worry at all, says Christian Kopfer.
