You got a diesel car? That's why you're getting more stuck in the face of gasoline

Athe last few weeks have confirmed that the price of diesel is rising more than that of petrol. What does this explain? DECO PROTESTE explains that diesel is more expensive because Europe has a deficit in its production and depends on more expensive and unstable imports, which puts more pressure on its price.

“ After the closure of dozens of oil refineries in recent decades, europe has become deficient in the refining of diesel, which makes the region dependent on imports of this raw material“, explained the consumer protection organization, in an article published in its site. 

DECO PROTESTE recalls that “before the conflict began in Ukraine, Europe imported diesel from Russia, a country with a great capacity to refine this fossil fuel”.

However, “with the embargoes currently in force, Europe has imported diesel from other geographies that are now involved in the conflict in the Middle East, such as Qatar or the United Arab Emirates, which has a direct impact on the price rise of this fuel“. 

Another question: “To add to all this, more recently, Russian oil refining infrastructures have been attacked, which has led the country to impose an embargo on exports of refined, thus contributing to the decrease in global supply of these products and put more pressure on fuel prices”.

Currently, refer to the average price of simple diesel is EUR 2,221 per litre, while simple petrol 95 is costing slightly less: EUR 2,115 per litre. These data are based on the average prices updated daily on the site Online Fuel Prices. 

It should also be stressed that diesel prices in the European Union (EU) reached a new maximum of EUR 2.23 per litre, against EUR 2.16 the previous week, according to an analysis by the AFP news agency of national data published by the European Commission.

Based on these weekly data, available since 2005, records have been set in 19 EU countries — including Germany, France and Italy — due to the impact of the energy crisis resulting from the Middle East wars and the conflict in Ukraine.

Among the countries that recorded new records, Denmark and Finland have the highest prices, with EUR 2.56 per litre of diesel, ahead of Germany (EUR 2,46). Belgium and France (nearly EUR 2.40) then Italy (near EUR 2.30).

Fuel prices should fall next week

In spite of everything, next week is expected to bring down fuel prices, taking into account the evolution of oil on international markets this week, the sector's source to the News to Minutes.

As provisional estimates point to a 7.5 cent reduction for diesel and 3.5 cent reduction for petrol, considering Wednesday's closing values. Official forecasts for fuel prices will only be released today, as usual on Fridays.