May record in sight

‘Petrol prices are almost back at last May’s record high’

De adviesprijs voor benzine nadert het recordniveau van eerder dit jaar. Foto: Shutterstock

The recommended retail price for petrol is approaching the record level seen earlier this year, due to rising oil prices caused by the resurgence of violence in the Middle East. According to the consumer benefits platform UnitedConsumers, the recommended retail price for a litre of Euro95 is now 2.640 euros. The record set on 6 May stands at 2.646 euro. This is reported by the ANP

On 1 January, the recommended retail price for Euro95 was still 2.178 euros. According to UnitedConsumers, the recommended retail price for a litre of diesel has now risen to 2.605 euros. The record here stands at 2.819 euros per litre, reached on 8 April. At the start of this year, that price stood at 1.938 euros.

Oil prices have risen sharply due to the war with Iran and the blockade of the Strait of Hormuz to shipping. Last weekend, violence flared up again with US attacks on Iran and Iranian attacks on US targets in the region.

The price of a barrel of US WTI crude is now just over 87 dollars. At the start of this year, it was around 57 dollars. Brent crude now costs nearly 92 dollars per barrel. At the start of this year, it was around 61 dollars.

The ANWB stated in a survey on Tuesday that many motorists are cutting back to cope with the rise in fuel prices. According to that survey, nearly a quarter of motorists are severely affected by the price rises, whilst more than half are affected to some extent. On Monday, a survey by Kieskompas in collaboration with the ANP revealed that a majority of the Dutch are concerned about the impact of rising fuel prices on their household budgets.

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This article was automatically translated from the original Dutch text into English (British).

Author: Nina Koelewijn

Source: Mobility Energy

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