If you own a diesel vehicle, or if you use kerosene, you may want to replenish your stock right about now, because at midnight tonight, pump prices for these 2 types of fuels will increase by more than 60 cents each.
The current price for diesel oil is $9.31 per gallon, and at midnight, it will increase by 66 cents to $9.97 per gallon. Right now, kerosene is being sold for $6.82 per gallon, but at 12:00 tonight, it will be increased by 63 cents to $7.45 per gallon. All other types of fuel will remain at the same price.
The Ministry of Finance says that these increases are due to a reduction in supplies from the major oil producing countries in the Middle East and Latin America. That shortage is coupled with an increase in demand due to the extreme cold winter conditions in North America.
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