Business · Energy & Commodities · 9 hrs ago

Diesel costs 22 cents more than petrol in Italy as crude prices fall

Diesel costs 22 cents more than petrol in Italy as crude prices fall

Diesel costs 22 cents more than petrol in Italy, even as crude oil prices fall.

The gap reflects pressure on diesel that has not eased with cheaper crude.

Diesel refining margins remain near $90 a barrel, according to the figures given.

US diesel stocks are 13% below average, adding to the tight supply picture.

The article also points to an agreement between Donald Trump and Vladimir Putin on Russian exports, but gives no details of its terms.

Italy is seeing record prices at the pump, and the diesel squeeze is not over.

No further developments or next steps are specified.

1 source

Related