As of 13 March 2026, global oil and fuel prices continue to rise. Here is the latest overview for the road transport sector.
Limited maritime movements around the Strait of Hormuz and the war in Iran are now impacting crude oil sites and refineries across the Middle East. The price of crude is on the rise, resulting in large increases at pumps globally.
This short, weekly analysis first looks at average prices at the pump, before turning to wholesale energy dynamics, including Brent and LNG trends.
Prices at the pumps
China and India rely the most on crude oil from the Middle East. But as the crude oil market is global, diesel prices are increasing everywhere, including in the US and EU.
The US has experienced the largest increase, with diesel prices rising by 25% since the beginning of the war. The WTI, used as reference for the region, is now aligned with Brent. It is normally much lower.
The EU is also seeing a significant price hike. The weighted average (based on trucks’ consumption) has surged by 20%. Diesel is now reaching EUR 2 per litre on average (taxes included). In the UK, diesel prices have risen by 13% at the pump.
The trend at European pumps since 27 February 2026 has been upwards, with the largest increase observed in Spain (27%, reaching EUR 1.79 per litre) and the highest price found in Ireland (EUR 2.3 per litre). Diesel has also exceeded EUR 2 per litre in Germany, Finland, France, Italy, and the Netherlands. (....)