Fuel prices in Luxembourg appear to be stabilising, following their recent rises after the dramatic fall as a result of the COVID-19 pandemic lockdown.
Super-95 petrol prices (now €1.086/litre) have remained steady for the past month, but are still 17 cents/litre cheaper than 12 months ago.
Super-98 petrol prices (now €1.158/litre) have dropped 2 cents/litre in the past week (a nett rise of 9.3 cents/litre in the past month), but are still 16.2 cents/litre cheaper than 12 months ago.
Diesel prices (now €0.97/litre) have risen 1.5 cents/litre in the past month, but are still 14 cents/litre cheaper than 12 months ago.
LPG prices (now €0.43/litre) have dropped 1.5 cents/litre in the past month, but are still 2 cents/litre cheaper than 12 months ago.
According to Carbu.com, the oil markets ended last week on a slightly turbulent way. However, on Monday worries of oversupply returned to investors and crude oil prices began the week slightly down.
The reduction since 1 August of production cuts in OPEC+ member countries, and a recovery in demand which has not been confirmed in the context of the rebound of the COVID-19 epidemic with, in addition, an American market which does not pull itself together, have led to enthusiasm for investors.
This Monday morning, when markets opened, a barrel of Brent (crude oil) was valued at $43.53. For the past two weeks, the value of a barrel of Brent has not see large variations and has remained relatively stable.
