2 days · 4 summary articles
Diesel prices in the EU hit a new high of €2.23 per liter on Friday, with records set in 19 countries, according to European Commission data. Spain’s costs neared €2 per liter, marking a 40% increase since January .
The surge follows a doubling of EU diesel imports from the U.S. between February and June 2026, as Europe reduced reliance on Russian crude amid the Ukraine war and Middle East tensions. The bloc’s refining capacity has dropped 13% since 2000, leaving seven member states without refineries .
U.S. President Donald Trump is now considering a 90-day diesel export ban to lower domestic prices ahead of midterm elections, a move the Commission called “a very bad idea.” Spokesperson Olof Gill confirmed high-level EU-U.S. contacts, warning that any disruption would harm both sides .
European governments have responded with subsidies and tax cuts, with France, Germany, and Spain expanding support. The EU has also allowed temporary state aid for households and energy-intensive industries . Czech Prime Minister Andrej Babiš will urge EU leaders to delay the ETS2 carbon market for transport and heating fuels at the next summit, citing its potential to worsen price pressures .
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