Rising Diesel Prices Put Pressure on Businesses
- On Thursday, European Commission data revealed average EU diesel pump prices reached a record €2.24 per litre, equivalent to US$9.60 per US gallon, up from €1.59 before the Middle East conflict began.
- Fuel prices have climbed since February due to the effective closure of the Strait of Hormuz, Houthi blockades of Saudi exports in the Red Sea, and Ukrainian strikes on Russian refineries.
- Diesel prices exceeded €2.50 per litre in Denmark, the Netherlands, and Finland, reaching €2.44 in Germany; in Belgium, prices hit a record €2.43 per litre on Monday, while Italy rose to €2.35.
- Rising fuel costs strain household budgets across the European bloc, with a new Euronews analysis finding that filling a 50-litre tank costs more than 15% of the gross monthly minimum wage in Bulgaria.
- Taxes account for 40% of the price paid at the pump on average across the bloc, and ECB experts noted in September that diesel margins were expected to peak in October, though high refining margins persist.
48 Articles
48 Articles
The head of the European Commission, Paula Pinho, reported a significant increase in gas and diesel prices in the European Union since the beginning of this year. Since the beginning of this year, the cost of natural gas in the countries of the European Union has increased by 140 per cent, while the price of diesel fuel has jumped by 100 per cent. The head of the European Commission, Paula Pinho, provided statistics in a special briefing in Brus…
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The price of diesel at the pump in European Union member states has reached a new record high with an average weekly price of 2.24 euros per liter. Where is the price of diesel increased The price increased by one minute compared to the record set last week for diesel, according to a compilation of national data published today by the European Commission. Average price records were recorded in twelve of the 27 member states including Belgium, I…
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