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Italian petrol prices rocket to a record EUR 1.30 per litre

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Wednesday, August 31, 2005

The price of petrol (gasoline) continues to rise in Italy. Today, a singlelitre (0.22 US gallons) of unleaded fuel (called green petrol in Italy) has reached EUR 1.295 (USD 5.98 per gallon; CAD 1.91 per litre; prices in Canada vary from CAD 1.03 to 1.31).

There is constant speculation on the recent price rises, however much of this is the rise in oil prices which has reached USD 68.28 per barrel (1 barrel = 158.97 litres) of US crude. This has been helped by major market speculation, the war in Iraq, the recent hurricane in Louisiana (by stopping production in a major refinery) and the strengthening of the American dollar against the Euro.

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Articles presented on Wikinews reflect the specific time at which they were written and published, and do not attempt to encompass events or knowledge which occur or become known after their publication.

Got a correction? Add the template {{editprotected}} to the talk page along with your corrections, and it will be brought to the attention of the administrators.

Please note that due to our archival policy, we will not alter or update the content of articles that are archived, but will only accept requests to make grammatical and formatting corrections.

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