Retail prices of petrol and diesel fuel continued to go down on Monday. Gasoline prices in Finland are at their lowest in about two years.
The trend is attributed to lower crude oil prices, which are being pushed down by expectations of a global recession and a decline in demand.
On Monday the price of a litre of 95 octane fuel had fallen below EUR 1.20 in many places, although the average was still above EUR 1.20. The lowest price in Helsinki on Monday morning was EUR 1.169 a litre at the Neste Oil Express filling station in Roihuvuori in the east of the city. The same price was seen in at least two stations in Vantaa.
The information was gathered from the polttoaine.net website, which monitors fuel prices around the country.
According to the site, the cheapest petrol price in the whole country was at a station in Hartola, where a litre of 95 octane was available for EUR 1.149. The same station offered diesel fuel at EUR 0.979 a litre. The lowest price for diesel fuel in the Helsinki region was EUR 1.019.
Fuel prices typically go down in Finland after the summer peak in demand eases. In addition, the prices are now being pushed down by the sluggish world economy, which is reducing demand further.
The price of crude oil on the world market fell again on Monday morning, after markets reacted to what was seen as a lacklustre outcome of the G20 summit.
