Consumers buy less fuel due to high diesel and petrol prices
Dutch drivers are cutting fuel consumption by roughly 10 liters per month as prices remain high due to global supply disruptions and local tax increases. Although motorists are driving less and utilizing alternative transport, their total monthly fuel costs have still risen to approximately 150 euros.
Motorists in the Netherlands have significantly reduced their monthly fuel consumption from 90 liters to approximately 80 liters this year due to soaring prices. Despite these conservation efforts, average monthly fuel expenditures have increased by 6 percent since March, rising to roughly 150 euros per driver. Current prices stand at 2.703 euros per liter for petrol and 2.80 euros for diesel, driven by geopolitical tensions in the Middle East and increased local fuel taxes. Global supply chain disruptions, including the blockade of the Strait of Hormuz and damage to regional oil infrastructure, are expected to keep prices elevated for the foreseeable future.
Drivers are adopting various strategies to cope, such as working from home, carpooling, and choosing more efficient vehicles. Data from ABN AMRO indicates that residents of major cities like Amsterdam are reducing their consumption by 14 percent, compared to a 12 percent decrease among those living in other areas. Economists suggest this urban trend is likely due to better access to alternative transportation options rather than income disparities, which show less significant variations in fuel reduction behavior.
Based on reporting by nu. Translated and condensed by LocalHeadlines.
