“Syria is not a major oil exporter. However, oil prices will definitely grow further if a military operation is to be launched. However, that increase may be short-lived,” Tadas Povilauskas of investment bank Finasta told the daily. The most important thing was to avoid attacks on oil pipelines near Syria or on ports since the prices of crude oil and oil products would remain elevated for a long period of time in that case, he added.
“The effects of the conflict in Syria on prices, if there are any, would be short-lived. This country is not a major oil business player; the supply from that country is small,” Aleksandras Izgorodinas, an analyst with the Lithuanian Confederation of Industrialists, told the daily.
The 95 gasoline, the most popular grade in Lithuania, currently costs around 4.9 litas (EUR 1.42) per liter, approximately 0.3 litas more than in June.
