Fuel prices surge across Europe as Middle East conflict and refining disruptions strain consumers

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Fuel prices surged across Europe on Friday as diesel and gasoline costs strained consumers and industries, driven by the ongoing Middle East conflict and refining pressures.
In Estonia, the harmonized index of consumer prices rose 0.5 percent in September from August, with a 3 percent year-on-year increase, primarily due to rising petrol and diesel prices, according to a flash estimate from Statistics Estonia. Lauri Veski, Consumer Price Statistics Service Manager at Statistics Estonia, said the increase was linked to the armed conflict in the Middle East .
In Poland, diesel prices reached 9 zł per liter, with retail stations selling at near-zero margins, according to data from e-petrol and Biuro Maklerskie Reflex. The wholesale price for diesel, including 23 percent VAT, stood at 9.15 zł per liter, leaving little room for profit. Benzine 95 averaged 7.97 zł per liter, matching a June 2022 record .
In the Netherlands, inflation climbed to 3.4 percent in September, pushed higher by fuel costs, according to a quick estimate by Statistics Netherlands . In France, refining bottlenecks compounded the pressure, as the process of converting crude into diesel, gasoline, and kerosene faced multiple disruptions .
Polish fuel prices rose further in the week ending Sept. 28, with LPG up 3.5 percent and gasoline up 1.8 percent, according to the European Commission’s Weekly Oil Bulletin .
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