Gasoline and diesel prices continue to fall

Gasoline and diesel prices continue to fall

Earlier in November, the Average National Recommended Price for both petrol and diesel dipped below €2 per liter for the first time in over a year. We can reassure those who feared that fuel prices would rise again rapidly. That is not the case for now.

In fact, the suggested retail prices have fallen even further, according to information from UnitedConsumers. The Average National Recommended Price (GLA) of a liter of petrol (Euro95, E10) is currently €1,942. On November 21, that suggested retail price was still €1,979. The GLA price of a liter of diesel has also fallen further. The Average National Recommended Price of a liter of diesel is now €1,913, where it was €1,966 more than a week ago.

In October 2021, the recommended price for petrol broke through the limit of €2 per liter and has not fallen below it until recently. In June, the GLA price of a liter of petrol was no less than €2.50. At the end of the summer, diesel was more expensive than petrol for the first time in Dutch history, but diesel is now (slightly) cheaper again. The price difference, at about 6 cents per litre, is in any case not nearly as great as it used to be. It is important not to forget that current fuel prices are still being dampened to some extent by the excise duty reduction that will be in force until July next year. Of course you also pay the GLA prices at not every gas station. Particularly at non-A locations, you often pay considerably less for a liter of petrol or diesel. For example, it is currently already possible locally to refuel for less than €1.75 per liter of Euro95 (E10).

Due to unrest in China, oil prices have currently fallen to their lowest level since December 2021. For example, the prices of a barrel of American oil and a barrel of Brent oil fell by about 3 percent on Monday morning. The exact effect of this on fuel prices cannot be predicted exactly, but we can cautiously assume that fuel prices will not rise in the coming days or weeks.

– Thanks for information from Autoweek.nl

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