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الوقائع الإخبارية
Oil Expert Reveals 8 Reasons for Gasoline Price Rise
Oil expert Hashem Aql emphasized that the rise in gasoline and diesel prices, despite the stability of oil barrels, results from a range of factors not solely related to crude oil prices. These include a shortage of refining capacities, a decline in global supplies following the loss of approximately 9 million barrels of exports from the Gulf and Russia, as well as tensions in the Strait of Hormuz and the Bab el-Mandeb Strait, and the impacts of the Russia-Ukraine war. Additionally, factors such as rising shipping costs, insurance premiums, fluctuations in the dollar, declines in international stocks, seasonal demand, refining and storage margins contribute to increasing costs that ultimately burden the end consumer in energy-importing countries.
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