The price for a barrel of Brent crude oil has risen to great heights and that is affecting the average national suggested retail price of petrol and diesel. For the umpteenth time this year, the prices reach a new record.
According to consumer organization UnitedConsumers the recommended retail price for a liter of E10 (Euro 95) nationally is now an average of €1,989. The recommended retail price for a liter of diesel is now an average of €1,635. That is also the highest price ever, according to UnitedConsumers, which tracks daily recommended prices of five major oil companies. The Dutch fuel price consists for a large part of excise duties.
Market expert Paul van Selms of UnitedConsumers points out that the prices at many gas stations are lower because they offer discounts. The suggested retail price is often used by gas stations along highways, which are therefore more expensive. According to price comparator fuel-finder.nl, it is still possible to refuel E10 at some cheap pumps in the Netherlands for a price of around 1.70 euros per liter.
The oil price has been rising for some time as demand for oil picks up due to the strong economic recovery from the corona pandemic and the supply on the market is limited. The price of a barrel of Brent oil (of 159 liters) rose on Tuesday to above 80 dollars, the highest level since October 2018. Van Selms does not rule out the possibility that the petrol price could rise above €2. Incidentally, both the liter price for diesel and petrol already reached new records earlier this month.
– Thanks for information from Autoweek.nl