Diesel price up again?
Formally, the EU is boycotting Russian oil and diesel, but in practice, diesel refined from Russian oil is probably still coming this way. EU foreign policy chief Josep Borrell warns against this, who wants this to end.
The European Union must take tougher action against the import of fuels from India made from Russian crude oil. EU foreign policy chief Josep Borrell said this in an interview with the business newspaper Financial Times. The EU boycotts the import of Russian crude oil through ports because of the war in Ukraine, in order to hit Russia’s war chest, but Moscow continues to earn money indirectly through the sale of petroleum products, such as diesel and kerosene, in Europe, among other things. .
According to Borrell, the sanctions against Russia are being circumvented in this way and the EU member states must take action against this. “It is normal for India to buy oil from Russia. But if that makes India a center for refining Russian oil and India then sells those products to us, then we have to act.” India has become one of the largest importers of Russian oil after the invasion of Ukraine and harsh Western sanctions against the Russian economy. Borrell argues that the EU and national authorities should target European buyers of fuels from India made from Russian oil. “If India sells, it’s because someone is buying. So we have to see who is buying,” said the EU administrator.
If the Netherlands turns out to be one of the buyers of Indian diesel and this comes to an end after intervention by the EU, there is of course a good chance that diesel prices will rise at the pump. Recently, the price difference between petrol and diesel has increased considerably again. At the beginning of this year, for example, a liter of diesel was almost as expensive as petrol and now diesel is about 30 cents per liter cheaper.
– Thanks for information from Autoweek.nl