EU fuel prices hit records; ECB experts say diesel margins yet to peak
6 Articles
6 Articles
Gasoline and diesel prices in the European Union this week reached their highest level since data has been tracked, i.e. in more than 20 years.
EU fuel prices hit records; ECB experts say diesel margins yet to peak
EU petrol and diesel prices hit record highs this week, according to the European Commission. Refining margins—the cost of turning crude oil into fuel—are partly to blame, and prices could remain elevated as ECB experts tell Euronews that diesel margins are expected to peak only in October.
Fuel prices in the European Union have reached new record highs, with the average price of a liter of 95-octane gasoline reaching approximately €1.92, while diesel has risen to €2.08 per liter. This comes amidst expectations from European Central Bank experts that diesel refining profit margins will peak in October. The crisis is particularly acute in northern and western European countries such as Germany and Denmark. […] The article "Fuel Pric…
Gas and diesel prices in the EU have reached record levels this week, according to the European Commission. Part of the blame lies in refining margins, the cost of turning the oil into...
Gasoline and diesel prices in the EU have reached record highs. Diesel costs 2.159 euros per liter, and new market pressures could prolong the price increases.
EU fuels have reached 2,063 euros per litre for petrol and 2,159 euros for diesel, and the pressure can continue until October.
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