oil companies stand to gain

Petrol and diesel prices set to rise again on Thursday: ‘Recommended retail price could rise to 3 euros’

De brandstofprijzen aan de pomp blijven maar stijgen en zouden weleens de grens van 3 euro per liter kunnen gaan overschrijden. Foto: Shutterstock, 2026

Petrol and diesel prices at the pump in the Netherlands rose again on Thursday, according to figures from the consumer benefits platform UnitedConsumers. Euro95 reached a new record recommended retail price of 2.692 euros per litre; an increase of 2.4 cents compared with Wednesday. Energy expert Hans van Cleef does not rule out the possibility that recommended retail prices could break the 3-euro barrier.

Diesel also became more expensive again. The recommended price for a litre of diesel stood at 2.664 euros on Thursday, 2.4 cents more than the previous day. The recommended prices tracked by UnitedConsumers, based on the five largest oil companies, are generally only charged at motorway service stations. It is possible to fill up more cheaply elsewhere. The price of LPG has remained unchanged and stands at 1.253 euros per litre, the same as on Wednesday.

Fuel prices have risen to record highs since the outbreak of the Iran conflict at the end of February. This has caused persistent disruptions to shipping through the Strait of Hormuz, a key waterway through which, prior to the conflict, around a fifth of the world’s oil transport passed. In recent months, however, hardly any oil tankers have been passing through it.

Even higher

Experts believe that prices at the pump in the Netherlands will rise even further in the coming period due to the conflicts in the Middle East and between Russia and Ukraine. The recommended retail prices may even breach the 3-euro mark, energy expert Hans van Cleef told the ANP.

Oil companies, on the other hand, have benefited significantly from the higher oil prices and posted higher profits. Shell reported its highest quarterly profit since early 2023. Profits at the US oil and gas companies ExxonMobil and Chevron rose to their highest levels since 2022.

Source: ANP

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

Author: Paul Blonk

Source: Mobility Energy

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