Fuel Prices: Decisive Meeting of PPC

This is because the Price Stabilization Account (PSA) has been severely tested twice in succession, first in late December and early February last. The committee's main argument rests on the fact that the PSA has absorbed any increase in prices of petroleum products recorded during the last three months.

The side of the Ministry of Commerce, it is argued that the situation is far from alarming. Minister Cader Sayed Hossen, has guaranteed that the price will remain unchanged until April. Trade analysts appear optimistic, pointing out that the conditions are right for the price of crude back on the international market. 

"The bulk of Iranian oil markets is Asia, particularly China, whose economy breathes health . In this regard, the European decision to forego Iranian oil should not influence the price of fuel. Add to this, the decision of the United States to use their oil reserves”.