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Diesel Hits Over 2 Euro per Liter
Fuel prices across European Union countries have reached record highs, with the average price per liter of gasoline (octane 95) around 1.92 euros. Diesel prices have exceeded 2.08 euros per liter, with some local fluctuations surpassing 2.40 to 2.50 euros in countries like Germany, Denmark, and Finland. Analysts attribute this rise to structural factors such as refining margins, declining inventories, and the widening gap between crude oil and refined diesel prices. Additionally, marine stockpiles have decreased, coinciding with restrictions on Russian oil, reduced transportation activity, ongoing refinery maintenance across Europe, seasonal peak demand for diesel and heating oils in preparation for winter. Although alternative shipments are expected to begin arriving in late October, the current hike threatens to increase shipping costs and continues to impact inflation within the Eurozone.
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