Diesel prices at Dutch pumps shot up on Friday as the conflict in Iran continues to disrupt energy markets. According to UnitedConsumers, the average recommended price for a litre of diesel jumped by more than 10 cents, with major brands like Shell and BP hiking their prices by as much as 12 cents. A litre of diesel now costs a record €2.793, while petrol has also hit an all-time high of €2.595.
This sharp increase follows a massive price spike on the European wholesale market, where diesel traded for over $200 a barrel for the first time since 2022. Crude oil has also climbed above $110 per barrel. While markets were closed on Friday for the Easter weekend, the pressure on fuel costs remains intense due to the ongoing instability in the Middle East.
Political tensions are adding to the problem. Recent comments from US President Donald Trump, including promises of a “hard crackdown” on Iran, have led to fears of even more supply disruptions. Investors are worried that the global oil trade will face further hurdles in the next few weeks, keeping prices high for motorists.
Local supply issues are also to blame for the record prices. Because of the war, many fuel tankers are being forced to take much longer routes, sailing thousands of kilometres out of their way to reach their destinations. At the same time, buyers across the world are competing to snap up what little fuel is available, driving costs up even further.
@anp | NEWS BRAINPORT
