adSep 3, 2026, 07:04

Pump prices hit new record: gasoline never this expensive during Middle East conflict

Gasoline prices in the Netherlands have hit a record high of 2.692 euros per liter amid ongoing supply chain disruptions caused by conflicts in the Middle East. Experts warn that fuel costs could climb even further, potentially exceeding 3 euros per liter as oil companies continue to report significant profits.

Gasoline prices in the Netherlands have reached a record high of 2.692 euros per liter for Euro95, according to data from UnitedConsumers. Diesel prices have also climbed significantly, reaching 2.664 euros per liter. These figures reflect recommended prices primarily found at highway gas stations, though costs may vary elsewhere. The ongoing conflicts in the Middle East, particularly the war involving Iran and disruptions in the Strait of Hormuz, are cited as primary drivers for the sustained increase in global oil transportation costs and subsequent retail fuel hikes.

Energy experts, including Hans van Cleef, warn that prices could continue to rise due to the combined impact of regional tensions and the ongoing war between Russia and Ukraine, with some suggesting prices might soon exceed 3 euros per liter. Meanwhile, major international oil corporations, including Shell, ExxonMobil, and Chevron, have reported substantial profit increases in recent quarters. These financial gains contrast sharply with the rising burden placed on consumers at the pump.

Economy Business Netherlands

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Based on reporting by ad. Translated and condensed by LocalHeadlines.

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