EU Fuel Prices Hit Records; ECB Experts Say Diesel Margins yet to Peak
ECB experts said refining margins now account for 19% of diesel pump prices in the euro area as supply disruptions keep costs elevated.
- On Friday, diesel in France reached a record €2.39 per litre, prompting the government to extend temporary excise-duty relief aimed at cushioning motorists from sustained energy inflation.
- Supply disruptions across France have compounded pricing pressure, with the Middle East conflict disrupting oil flows since February and refining capacity constraints limiting inventory recovery.
- European Central Bank experts estimate refining margins contributed €0.41 per litre to retail diesel prices in September, while motorists face average costs of €108 for a 50-litre fill-up.
- Germany announced a temporary fuel tax reduction of €0.17 per litre taking effect October 1, reflecting broader government efforts to offset energy inflation across the European Union.
- Refined diesel futures suggest margins may peak in October, potentially testing relief measures unless Middle East conflict resolution restores refining flows and stabilizes global supply chains.
194 Articles
194 Articles
Europe’s diesel crisis deepens as prices hit record highs – Hungary feels the pressure
Europe’s diesel crisis is putting fresh pressure on drivers, businesses and farmers as disrupted oil supplies push fuel prices higher. France recorded a new diesel price record on Sunday, while European wholesale prices have also surged. Continue reading: https://dailynewshungary.com/europe-diesel-crisis-hungary-record-high/
Diesel prices in France recorded a record level of Euro2.41 (approximately $2.6) per litre, while the price of essential motor oil in America jumped to unprecedented levels, amid a global shortfall exacerbated by the disruption of oil supplies.
The price of diesel fuel in France has risen to a new record level on Sunday, amid global oil supply disruptions caused by the war in the Middle East.
On Sunday, 20 September, diesel oil reached an average of 2.41 euros per litre, while petrol reached 2.23 euros. In the space of two days, fuel prices reached a record high. But due in particular to the geopolitical context, the increase could rapidly increase.
According to the latest data, diesel and gasoline prices are at or near record levels.
Diesel prices in France hit a new record on Sunday as the war in the Middle East disrupted oil supplies around the world, according to an AFP analysis.
Coverage Details
Bias Distribution
- 42% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
