Oil prices down

If this trend continues and the price continues to tumble at the international level, the Petroleum Pricing Committee (PPC) would be well advised to meet. At the State Trading Corporation (STC), we noted that the Petroleum Pricing Committee monitors price developments in the global market. A senior officer of the State Trading Corporation said that it is to ensure that the price of fuel is stable on the market that STC has set up the PPC.

"The Petroleum Pricing Committee may meet at any time. This is not an increase or decrease in price which we meet. But immediately, there is no meeting on the agenda on the Petroleum Pricing Committee. We are following with interest the developments in the global market. Since September of last year, prices climbed dramatically and there are only a few days the price starts to decrease. We'll wait a little before setting a date to meet "said our interlocutor.