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Fuel prices may 'get worse before getting better' in the volatile 'new normal'Photo by erwinbosman on Pexels
Business
Экономика

Fuel prices may 'get worse before getting better' in the volatile 'new normal'

Eco9 September 2026 at 06:36

António Costa Silva, former Economy minister and ex-president of oil company Partex, expressed to ECO great concern about the evolution of fuel prices, a sentiment the article describes as practically universal. Confronted with pump prices near historical highs, businesses, consumers, and policymakers question how long the uptrend will last. With two wars in key producing and refining regions with no resolution in sight, and mitigation measures viewed as "palliative," the question arises whether prices can still worsen, or whether high prices are here to stay as the "new normal." The experts consulted by ECO — executives, economists, and former government officials — have no definitive answers given the volatility of events, but paint a scenario that is difficult to resolve.

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