Diesel prices rising again and will exceed €2 from Saturday

Diesel prices rising again and will exceed €2 from Saturday
Photo by Helen Lyons/The Brussels Times

The maximum price for diesel will increase by ten cents to once again surpass €2 per litre on Saturday, the FPS Economy announced on Friday.

From Saturday, a litre of diesel can cost a maximum of €2.029 as the conflict in Ukraine continues to destabilise global oil markets.

The price of diesel surpassed the €2 milestone for the first time at the start of March, when it rose by €0.16 to €2.0840 per litre, just four months after diesel prices set records at €1.652 per litre of B7.

Mid-March, a new maximum price was recorded at €2.286 per litre, however, prices dropped again days later as a consequence of the reduction in excise duties, which was one of the measures introduced by the government to reduce citizens’ high energy bills.

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On Saturday, heating oil (50S) will also become more expensive again. For an order of fewer than 2,000 litres, the maximum price will increase to €1.2607 per litre, an increase of 5.25 cents, while for an order that exceeds 2,000 litres, the price will be €1.2288 per litre.

This is expected to further exacerbate the situation faced by many households who are struggling to cope with soaring energy bills.

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