Wholesale oil prices go up by 5% to 6% within a week, Ural oil company reports

Within this week, wholesale oil prices have gone up by 5% to 6%. According to data presented by Ural Oil Company (TNK JSC), AI-80 petrol prices have experienced the greatest increase. ‘The company isn’t expecting to have the retail prices go up since the wholesale ones are still growing,’ the spokesperson for Combustive-Lubricating Supplies Sales Department of Ural Oil Company says.

The company managers say that this increase in prices is due to shortages on the home market and more petrol being used in cold weather.