prices

Motorists are rushing to petrol stations as fuel prices surge, with some even filling jerrycans. Industry groups warn that hoarding is dangerous and largely pointless, despite fears of further price rises. Queues have formed in some areas, while many drivers are choosing to refuel abroad.

Rabobank economists warn that the conflict in the Middle East could lead to sharp increases in Dutch petrol and energy prices. In the most severe scenario they examined, fuel could reach €3 per litre and energy bills could rise above €400 per month. Other analysts expect a smaller impact, but say the outlook depends heavily on how long the conflict lasts.