Indeed, as we understand it, under the current formula prices are supposed to go up to twelve dollars and fifty-two cents per gallon of premium - that's almost one dollar up from the present mark of eleven dollars and sixty three cents.

That would be a killer for consumers, and politicians, because elections are going to be held in a week.

So, we understand that government has taken the decision to change the revenue formula and absorb the difference in cost so that the price can stay unchanged.

Bottom line to you the consumer? Don't worry, the pump price of fuel won't increase - for about a month.

But, after that, there's no telling what will happen, particularly if tensions around Iran remain high.