Rising Diesel Prices Cost European Drivers 203 Million Euros a Day.
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It has been reported that rising diesel prices in the European Union (EU), influenced by geopolitical developments, are costing the economy an additional 203 million euros per day. 🚆
Europe's heavy dependence on diesel is exposing drivers and the entire economy to severe blows as fuel prices rise sharply due to supply disruptions. A new analysis shows that drivers in Europe today pay around 30 euros more to fill a 50-liter tank than at the beginning of the year.
The increase in diesel prices cost European motorists an additional Euro203 million daily, written by Financial Times, which was estimated by Transport & Environment (T&E) after analysing the data of the European Commission.
Record diesel prices are costing Europe 203 million euros a day to consumers according to a new T&E study, while oil companies are making historic profits. In Europe, their last quarterly profits have even doubled. “Without an interruption of the geopolitical crisis on the horizon - explains the environmental NGO - it is necessary to rapidly increase electric vehicles through scrapping schemes [...] The article Geopolitical crisis, Europe pays 2…
The rise in diesel prices has significantly increased the cost of fuel for European drivers, who are paying an additional €203 million every day, at a time when Europe is more exposed than any other major economy to energy market turmoil. European consumers are now paying around €30 more for each 50-litre tank, as the price of diesel has risen by 40% since the start of the year. In the same period, the price of petrol has risen by 28%.
European drivers pay an additional 30 euros at each diesel mobilization, with prices rising 40% since the beginning of the year, to an additional continent-wide cost of 203 million euros per day, according to an analysis by the European Commission's non-governmental organization Transport and Environment. The price of gasoline rose 28% during the current year, compared with the increase in the price of diesel, which recorded record levels [...] …
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