While crude oil flows are recovering, the situation remains critical for diesel, with lower availability and higher prices. The price of crude oil delivered in Europe has fallen by almost a third since early October, as Middle East exports recovered. However, diesel prices have fallen by only a tenth. Here’s the latest overview for the road transport sector.
EU diesel prices ease from their peak
Weighted EU pump price, EUR per litre
In the EU, IRU’s weighted average diesel price edged up from mid-October, then fell by more than 4% in the first twelve days of November, to EUR 2.09 per litre on 12 November. That is its lowest level since early September, 8% below the September record and 28% above 27 February. Average diesel prices have remained above EUR 2 per litre since the end of July.
Diesel price changes (....)