Source Pravda.Ru

Pump Prices Hike 30 cents

Shell Petroleum Corp. raised pump prices according to market situation.The reason was that crude oil prices raised and competition became stronger. The company continues to monitor situation on the market led by the Middle East uncertainties and announced the possible price rollback.The raise is expected to be 30 centavos per liter to cover last month’s increase in the prices of world crude. Such situation is familiar for the most of oil companies. All of them are intend to dare Congress to scrap the Oil Deregulation Law which enabled the oil companies to freely dictate their pump prices.

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