Oil sector : on going talks between oil providers and the government

Oil providing companies are desperately straining to debate the price rise related issue, but the authorities are holding on, for being convinced that such a rise would negatively impact on other prices.

In the run of tense negotiations, oil companies conceded once and refrained from rising prices in mid July

The next price rise might, however, be far more significant than expected. Gas station managers claimed to have been victimized by the companies’ latest concession, for having bought stocks at a risen price, prior to be ordered to lower consuming prices