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Diesel Prices Surge Above 20 Kr per Liter After Oil Spike

Economy & businessEconomy
Diesel Prices Surge Above 20 Kr per Liter After Oil Spike
Key Points
  • Diesel prices surged above 20 kr per liter after global oil prices increased by over 8% on Friday.
  • The price hike accelerated due to a U.S. attack on Iran, following a rise that began in mid-February.
  • Gasoline prices have reached their highest level since January 2024, affecting consumers at the pump.

Several leading fuel chains raised the price of diesel above 20 kr per liter on Friday, and the price continues to rise over the weekend. According to ATL, gasoline prices have now reached the highest levels since the reduction obligation was lowered on January 1, 2024. The higher prices come shortly after oil prices shot up on Friday.

21%. Both North Sea and WTI oil were at over 90 dollars per liter at the world markets' closing before the weekend. Just one month ago, the price was relatively stable between 60 and 70 dollars per barrel.

The rapid price increase is likely to be noticed by consumers who go to the gas station during the day. The price of diesel continues to climb at the pump. 4 cents, according to the General Directorate for Energy of the SPF Economy on Wednesday.

S. attack on Iran. It is unclear how long the diesel price increases are expected to continue.

The impact on inflation and the broader economy remains uncertain.

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Diesel Prices Surge Above 20 Kr per Liter After Oil Spike | Reed News