Less pain at the pump! Diesel is finally cheaper than petrol again
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Fuel prices are falling. At the time of going to press, the recommended retail price for a liter of petrol was EUR 2.10. With a recommended retail price of 2.09 euros, diesel is cheaper for the first time in a long time. How is that possible?
On package night, December 5, the European boycott of Russian oil comes into effect. Fuel manufacturers have recently responded to this by increasing their inventories, which entailed additional costs that were passed on to customers. Russian oil is often used to produce diesel.
Diesel not cheaper everywhere
UnitedConsumers, which monitors suggested retail prices nationally, expects prices per liter to drop now that fuel makers finalize preparations for the EU boycott. Although the price of diesel at some gas stations may remain higher for a while. Gas pump owners must first part with their previously purchased, more expensive diesel.
French strikes also played a role
By the way, it’s not just the upcoming boycott of Russian oil that’s driving up the price of diesel. Strikes at French oil companies also played a major role. France therefore had to source fuel from abroad, which drove up the price. The strikes have been over for a few weeks.
Source: Auto visie
I am Jason Root, author with 24 Instant News. I specialize in the Economy section, and have been writing for this sector for the past three years. My work focuses on the latest economic developments around the world and how these developments impact businesses and people’s lives. I also write about current trends in economics, business strategies and investments.
