EU, gasoline costs falling on the finish of 2023, -67% from 2022 – Italy-World

by times news cr

2024-06-06 23:50:47

(ANSA) – BRUSSELS, JUNE 06 – Within the fourth quarter of 2023, wholesale gasoline costs in Europe fell by 67% in comparison with the identical interval in 2022, reaching a peak of 55 euros/MWh in mid-October earlier than falling to November and December to succeed in 30 euros/MWh. That is licensed by the quarterly report on the gasoline market revealed by the European Fee, confirming “a big restoration” of the gasoline markets within the final three months of final 12 months after the height of the vitality disaster pushed by Russia’s battle in Ukraine. The typical quarterly worth was 41 euros, 24% greater on a quarterly foundation, however 57% decrease on an annual foundation. As for the retail worth of methane, the quarterly information certify a rise of two% (in comparison with the third quarter), however nonetheless 31% decrease than the fourth quarter of the earlier 12 months. In 2023, the common retail worth of gasoline was 116 euros per MWh, 17% decrease than in 2022 (139 euros/MWh) and 55% greater than 2021 (75 euros/MWh). General, the report additionally confirmed that total Russian gasoline imports fell to 43 billion cubic meters in 2023, in comparison with 79 billion cubic meters in 2022 and 150 billion cubic meters in 2021. On the similar time, the share of electrical energy generated from renewable sources (44%) exceeded the share from fossil fuels (32%) for the primary time. (HANDLE).


2024-06-06 23:50:47

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