EconomyWhy are petrol and diesel so expensive despite crude oil not reaching record highs?
Petrol and diesel prices in Europe could stay elevated, adding to inflationary pressure. The problem is not simply crude oil supply or pricing: constrained refining capacity, disrupted trade flows and shortages of finished fuels, especially diesel, are also pushing up pump prices.
Eeuronews★★★☆☆2026-09-05 05:00Original
Why are petrol and diesel so expensive despite crude oil not reaching record highs?