nuOct 28, 2026, 09:51

Gasoline nearly 20 cents cheaper after record price, but oil remains expensive

Gasoline prices in the Netherlands have fallen by nearly 20 cents from their October peak, while diesel prices have also seen a minor decrease. Despite these drops, global oil prices remain elevated due to the ongoing war, causing fuel price adjustments to trail behind market developments.

Fuel prices in the Netherlands have seen a slight decline following record highs earlier this year. According to data from UnitedConsumers, the recommended price for a liter of gasoline dropped to 2.553 euros on Wednesday morning, down from a peak of 2.732 euros on October 10. Diesel prices have also decreased, though the drop is less significant, with a current price of 2.714 euros compared to its September record. This shift means gasoline is now notably cheaper than diesel, a reversal of the typical price relationship between the two fuels.

Despite the recent dip at the pump, global oil prices remain high, with Brent crude trading at approximately 116 dollars per barrel due to ongoing geopolitical instability. Experts note that fuel markets typically lag behind oil price fluctuations, as retailers often pass on price increases more rapidly than decreases. Furthermore, the divergence between gasoline and diesel costs is attributed to differing production ratios from crude oil and fluctuating market demand for each product.

Economy Business Netherlands

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

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