Diesel Prices Soar to New EU Record Amid Refining Capacity Issues

Diesel prices in the EU have surpassed previous records set this year, reaching EUR 2.26 per litre on September 17, a 38% increase since February 27.

The rise is attributed to tensions on refining capacity, stocks, and international diesel flows, despite Brent crude prices remaining below their April peak of USD 125 per barrel.

The EU's average diesel price rose by 4% over the same week, with the decoupling between crude and diesel being a defining feature of September.

Diesel is most expensive in Denmark and the Netherlands, averaging EUR 2.62 per litre at public fuel stations, followed by Germany at EUR 2.50 per litre.