'price quickly influenced'

Diesel price hits record of 2.375 euros per litre on Friday, petrol also creeps to highest ever

Als gevolg van de oorlog in het Midden-Oosten zijn zowel de prijs van diesel als die van benzine op weg naar recordniveaus. Foto: ProMedia, 2026

The diesel price reached the record of four years ago on Friday. The national recommended retail price comes to 2.375 euros per litre. At the same time, petrol is also rising, but that price is not rising as fast. Tensions in the oil market continue to push up the price.

This reports consumer organisation UnitedConsumers. Higher fuel prices are linked to tensions in the Middle East and rising oil prices. The price of crude oil has risen towards $85 a barrel in recent days. This affects fuel prices almost immediately. According to fuel expert Derk Foolen of UnitedConsumers, the increase is linked to the turmoil in the oil market. “When oil prices rise due to geopolitical tensions, you usually see this quickly reflected at the pump. At the moment, the diesel price reacts more strongly to this than the petrol price,” Foolen said.

Diesel price rises faster

There are several reasons why diesel is rising faster than petrol. In Europe, demand for diesel is high. Freight traffic, shipping and industry often use diesel. As a result, diesel prices now react more strongly to changes in supply and demand. International trade also plays a role. Europe gets much of its diesel from other regions. If there is turmoil in the oil market or in key trade routes, it can quickly affect the price. “Because Europe depends on diesel from abroad, the price can rise faster if the market becomes uncertain,” Foolen said.

Petrol to record levels

Petrol prices are also rising, but less quickly than diesel, according to UnitedConsumers. As a result, petrol is still 13.6 cents below the record level from 2022. However, if the oil price rises further, even petrol could approach that level again. According to Foolen, the situation could change quickly. “The fuel market reacts strongly to international developments. If tensions persist or oil prices rise further, prices at the pump could also rise further.”

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This article was automatically translated from the Dutch language original to English (British).

Author: Paul Blonk

Source: MobilityEnergy.com

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