The Dutch recommended retail price for a liter of petrol breaks through the €2.20 per liter for the first time. This is reported by consumer collective UnitedConsumers, which monitors the recommended prices of five major oil companies on a daily basis. As a result of the invasion of Ukraine, oil prices have risen sharply worldwide and motorists are now also feeling this in the rates at the pump.
For a liter of Euro 95 (E10), the average suggested retail price will go up by 1.4 cents in one go, it became clear last night. This is in line with the expectations that UnitedConsumers previously shared. As of today, it is therefore €2.213 euros. The suggested retail price for diesel is €1,890 and for LPG the amount is €1,158. As always, the suggested retail price almost only has to be paid along the highway. At various cheap pumps along smaller roads it is still possible to fill up Euro 95 for less than €2 per litre, although that is now becoming increasingly rare.
Refueling has been getting more and more expensive for some time now. This is mainly due to the high demand for fuel resulting from the economic recovery after the corona crisis. But oil cartel OPEC and ally Russia have been planning to increase production for some time. On the global oil market, a barrel of Brent oil, the benchmark for oil from the North Sea and the Middle East, for example, now costs more than 103 dollars. It is the first time since 2014 that the price has risen above $100. A barrel of US oil currently costs $97. UnitedConsumers does not expect fuel prices to rise extremely fast. Tensions between Russia and Ukraine have been going on for some time and oil traders have already partly factored that unrest into their prices in recent weeks.
– Thanks for information from Autoweek.nl