nuSep 17, 2026, 06:49

Oil prices fall slightly again, price of diesel at the pump continues to rise

Global oil prices dipped slightly on Thursday due to progress on pipeline repairs and increased export capacity in Saudi Arabia, though costs remain high overall. Despite the crude price drop, diesel prices in the Netherlands have continued to rise, reaching a new peak.

Global oil prices saw a slight decline on Thursday following reports that Saudi Arabia is increasing oil exports via Oman and repairing the critical East-West pipeline damaged by recent Houthi rebel attacks. Despite this temporary dip, Brent crude prices remain elevated at 104.9 dollars per barrel, while American crude trades at 101.5 dollars. Market volatility continues to be driven by ongoing supply security concerns, exacerbated by the blockade of the Strait of Hormuz and potential disruptions to Red Sea shipping routes.

These geopolitical tensions have significantly impacted consumer fuel costs. While gasoline prices have stabilized at 2.726 euros per liter, the cost of diesel continues to rise, reaching a new high of 2.803 euros per liter according to UnitedConsumers data. The market remains sensitive to infrastructure threats and regional conflicts in the Middle East, which have collectively pushed energy prices to high levels despite recent efforts to mitigate supply interruptions.

Economy Business Netherlands

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

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