Unrest in the Middle East pushes recommended petrol price to 2.71 euros per litre

Geopolitical unrest in the Middle East has pushed the recommended price of Euro95 petrol in the Netherlands to a record 2.712 euros per litre. Energy experts caution that prices at motorway service stations could continue to rise, potentially reaching 3 euros per litre in the near future.
The average recommended price for a litre of Euro95 petrol in the Netherlands has climbed to 2.712 euros, surpassing the previous record set in May. This increase, reported by the platform UnitedConsumers, is driven by ongoing instability and recent military escalations in the Middle East, which have kept global oil prices elevated for months. Experts like Hans van Cleef of EqoLibrium warn that pump prices could rise further, potentially hitting the 3-euro mark at motorway service stations.
While petrol prices are reaching new highs, the recommended price for diesel remains stable at 2.681 euros per litre. This is still below the all-time record of 2.819 euros established in April. It is important to note that these recommended prices primarily apply to expensive stations along the motorway, and consumers can often find fuel significantly cheaper elsewhere. Meanwhile, major oil companies continue to report increased profits due to the rising market prices caused by geopolitical tensions.
Based on reporting by nu. Translated and condensed by LocalHeadlines.

