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Question: 22 
Why does it seem like fuel prices are quick to increase, yet they don't seem to fall as quickly?

Global events or negative news, such as natural disasters or geopolitical events that may disrupt or curtail production, can quickly lead to commodity market price increases due to anxiety or fears that fuel supply availability has been or will be somehow impacted. The onset of fear can occur at a rapid rate and, when conditions improve, the easing of these fears may or may not occur at the same pace.

The Board has specific criteria for establishing the maximum price of each of the regulated refined fuel products. The same criteria are used for both increases and decrease of maximum prices.

 

 

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