"The price of diesel fuel has rocketed by more than 30 percent across Europe since the start of the Middle East war highlighting the continent's dependence on imported energy and the lingering prominence of diesel on the car market."
"Diesel accounted for 86 percent of transport fuel sales in Latvia in 2024, 73 percent in France and 66 percent in Germany, according to FuelsEurope, a trade body which represents the refining industry."
"The international supply-and-demand balance for diesel was much tighter than the gasoline balance going into the war and the subsequent market response has been one of strong gasoil (diesel) price escalation while gasoline's price response has been somewhat muted."
Since the start of the Middle East war, diesel fuel prices in Europe have increased by over 30%, emphasizing the continent's reliance on imported energy. The demand for diesel is expected to rise during the Easter holiday weekend, leading to long queues at petrol stations. Diesel prices have reached over $200 per barrel, the highest since March 2022. Diesel remains the dominant fuel in Europe, with significant usage in transportation and agriculture, despite the rise of electric vehicles.
Read at The Local France
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