The WTO announced a rise in gas prices by 250 percent

2022-10-05T13:06:56+03:00

2022-10-05T13:06:56+03:00

2022-10-05T13:06:56+03:00

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The WTO announced a rise in gas prices by 250 percent

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World energy prices in August rose by 78% year on year, while gas prices rose by 250%, according to the report of the World Trade Organization (WTO),… PRIME, 05.10.2022

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Economic Information Agency PRIME

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Economic Information Agency PRIME

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Federal State Unitary Enterprise MIA “Russia Today”

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Economic Information Agency PRIME

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Federal State Unitary Enterprise MIA “Russia Today”

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GENEVA, Oct. 5 — PRIME. Global energy prices rose 78% year-on-year in August, while gas rose 250%, according to a World Trade Organization (WTO) report released on Wednesday.

WTO improves forecast for global trade growth in 2022

“The crisis in Ukraine led to an increase in commodity prices, especially for fuel, food and fertilizer … In August, energy prices rose by 78% compared to the same period last year, natural gas was in the lead, which rose in price by 250%,” it says in the report.

It notes that the 36% rise in crude oil prices over the same period was small compared to other energy commodities, but still significant for consumers.


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