Diesel prices in Europe jump to historic high: €2.23 per liter

Diesel prices at fuel stations in the European Union have reached a new record high of 2.23 euros per liter, up from 2.16 euros the previous week, according to an analysis by the French news agency AFP of national data published by the European Commission on Thursday. Based on this data, which has been published weekly since 2005, record prices were recorded in 19 of the EU’s 27 member states, including Germany, France, and Italy, driven by energy shocks stemming from the war in the Middle East and the conflict between Russia and Ukraine. Among the new record thresholds, Denmark and Finland posted the highest prices, with diesel (also known as gas oil) reaching 2.56 euros per liter in each, followed by Germany (2.46 euros), then Belgium and France (around 2.40 euros) and Italy (around 2.30 euros). Other countries, such as Spain and Sweden, also saw price increases, but levels remain below the peak recorded in 2022 following Russia’s full-scale invasion of Ukraine. These figures are released in the European Commission’s Oil Bulletin, after being collected from national authorities, and generally reflect price levels at fuel stations at the beginning or end of the previous week.