Philipsburg:--- Consumers will have to dig deeper into their pockets as of Saturday April 2nd 2011 to pay for unleaded gasoline and diesel. The Ministry of Economic Affairs announced on Thursday that due to the ongoing political unrest in the Middle East and in particular the recent uprising in Libya, where the largest crude oil reserve of Africa lies, oil exports from that country are cut off to the rest of the world.
In addition, due to recent tsunami in Japan, the world oil demand has returned to the peak levels seen in 2007. Consequently, prices of crude oil have increased by more than 20% since last month, resulting in a steep price increase in ULG and diesel prices. Currently, consumers are paying Naf. 2.33 per liter of Unleaded Gasoline (ULG) however, as of Saturday April 2nd consumers will have to pay Naf. 2.42 per liter. Consumers tanking up diesel are currently paying Naf. 2.10 per liter while the new price will be Naf. 2.17 per liter.
Click here to view DCOMM press release on Gas Price Increase
