EU Fuel Prices Rise 13.7% Year-on-Year in June
Photo - © Ilya Starkov / Fotobank Loris. Retail fuel prices in EU countries rose by 20–25% over the past 1.5 months, while the cost of certain fuel types increased by 35–50 euro cents per liter.
Consensus
- Prices for automotive fuel and oils in EU countries increased by 13.7% in June compared to June of the previous year.
- The increase in fuel prices began to show a sustained upward trend from late June.
- The rise in prices has been ongoing since at least March, with earlier months showing even higher year-on-year increases.
- The most significant price increases were observed in Bulgaria, Lithuania, Romania, and France.
- The smallest increase was recorded in Hungary.
- Fuel prices in the EU have been rising since the end of 2023, following a period of decline earlier in the year.
Points of divergence
- Retail fuel prices in the EU rose by 20–25% over the past one and a half months, with individual fuel types increasing by 35–50 eurocents per liter. — riamo
- The expert, Pavel Maryshev, predicts that fuel prices will stabilize between 2.3–2.5 euros per liter and then gradually decrease. — riamo
- The expert attributes the price increase primarily to the prolonged Iran-US conflict and unusually high temperatures in Europe, which heighten concerns about supply stability. — riamo
- The expert considers the drying of European rivers such as the Rhine and Danube to be a secondary factor, used for speculation rather than a real driver of fuel prices. — riamo
- EU regulators still have administrative tools to control prices, reducing the likelihood of runaway price increases. — riamo
Coverage (2 sources)
- Automotive fuel in the EU rose by 13.7% y/y in June — Интерфакс
- Fuel in Europe has sharply increased in price. Expert revealed what will happen next — РИАМО
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