Business · Energy & Commodities · 17 hrs ago

Dutch petrol prices fall after record high despite costly oil

Dutch petrol prices fall after record high despite costly oil

In the Netherlands, the average petrol price has fallen to €2.55 a litre, down from a record €2.73 two weeks ago.

Diesel has also become slightly cheaper, but its price has fallen less.

Oil remains costly at about $115 a barrel, its highest level since April.

Petrol prices are affected not only by oil costs but also by the cost of transport and refining.

Transport costs have already been reflected in pump prices, while refiners are charging less as more processed oil products have reached the market.

The recent fall may not last, and an energy expert expects prices to trend upwards if nothing significant changes in the Middle East.

3 sources

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What people are saying

Jilles van den BeukelEnergy expert
In normal times, the petrol price follows the oil price. But now you see three factors determining the petrol and diesel price.
via NOS
I think the long-term trend is upward, as long as nothing substantial changes in the Middle East.
via NOS