Gasoline 95 continues its steady climb, setting new daily records as prices rise across the country. For the first time in the province, the average price per liter crossed the two euro mark last Tuesday, and by Wednesday it was above two euros per liter. The figure reached 2.018 euros according to data gathered by the Ministry of Ecological Transition.
A price point that is roughly 20 cents higher than April 1, signaling an ongoing price surge that has already prompted government action to cushion the effects on households and businesses. The recent weeks have shown a clear uptrend, with the government weighing measures to lessen the burden amid war-related economic pressures.
In the past week, petrol 95 became about 2.9% more expensive, reinforcing the upward momentum seen lately. Analysts point to a mix of factors, including the euro-dollar exchange rate and the seasonal demand spike that typically accompanies driving seasons in North America. In other words, the main market for this fuel sees heightened demand during holidays, pushing prices higher.
Additionally, the growing share of vehicles powered by gasoline engines has influenced the market, especially as Europe imposes stricter limits on new passenger car registrations due to pollution concerns. This shift has increased overall demand for gasoline and contributed to price pressures, as diesel engines encounter tighter restrictions in many cities across the continent.
Diesel, after a brief decline, rose again by around 2.2% this week and is averaging 1.901 euros in the state. This is roughly four cents above the April 1 level as price movements continue to unfold in parallel with changes in the gasoline segment.
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It is worth noting that after the initial price dip following the 20-cent bonus announcement, the official price of diesel A recovered and briefly overtook gasoline for the first time in nearly two months, reaching a local peak before easing again. The price movements reflect a volatile market influenced by supply concerns and policy actions rather than a single factor.
As the possibility of a broader oil embargo from Russia has been discussed, diesel prices have shown sensitivity to potential shifts in supply. While these fluctuations are part of the market landscape, the government has indicated that the 20-cent discount on fuel could be extended through the summer, though the final decision remains pending. The exact application method and duration will depend on ongoing assessments and budget considerations.