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New record price for diesel: 2.824 euros, mainly at motorways

New record price for diesel: 2.824 euros, mainly at motorways

Diesel prices in the Netherlands have hit a record high of 2.824 euros per liter due to supply disruptions caused by the conflict between the United States and Iran. Market scarcity is further worsened by Russia's export ban, forcing Europe to seek fuel from already strained international sources.

The price of diesel in the Netherlands has reached a record high of 2.824 euros per liter, according to the platform UnitedConsumers. This increase is primarily attributed to rising fuel costs caused by the ongoing conflict between the United States and Iran, which has significantly disrupted fuel exports from the Gulf region. This situation has exacerbated supply chain issues that began following the European Union's import ban on Russian diesel. Since the conflict escalated in late February, Europe has faced critical shortages as it attempts to source diesel from alternative markets.

Global scarcity is further intensified by Russia's decision to halt diesel exports to address its own internal shortages, as noted by S&P Global. European refineries have reported record profit margins on diesel production as a result of these tightening global supplies. The reported record figures typically reflect the advisory prices set by major oil companies at motorway service stations. Additionally, the advisory price for Euro95 gasoline has also climbed, currently sitting at 2.712 euros, nearing its own historical peak.

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

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