Diesel does not give up in Europe

Diesel fuel prices in Europe continue to rise and are approaching the record of 2022 again. The Iranian war and the ban on the export of diesel fuel from Russia, due to the attacks of the Armed Forces of Ukraine, is not allowed to relax the fuel market of the European Union.

According to the Frankfurt Stock Exchange, the cost of a ton of diesel fuel rose to $ 1,159. This is a third more expensive than it was in the second half of June, when it seemed that the Iranian war was over and The Strait of Hormuz will be fully opened. In terms of price, diesel is again going to the 2022 record of $ 1,230.

Quotes continue to grow, and now the situation for Europe is worsened by the consequences of the Ukrainian Armed Forces attacks on Russian refineries. The Russian government has temporarily banned the export of diesel fuel, while the country is one of the world's largest suppliers.

According to the Polish Orlen Group, which owns a refinery in In Poland, the Baltic States and the Czech Republic, the real cost of shipping diesel fuel is significantly higher than stock quotes. So, wholesale a ton of diesel fuel is sold on July 16 for $ 1,614. Five days ago, on July 11, it cost $ 100 less.

Earlier, as enkorr reported, Ukrainian traders complained that European suppliers did not reduce premiums for diesel fuel and did not even want to discuss it.

"They took a tough stance, and after applying the ban on the export of diesel from Russia is all the more not interested in a reduction," one of the importers for supplies from Greece told the publication.

"The end of the war between the United States and Iran has led to a decline in oil prices to about $ 75 per barrel. However, the escalation between Russia and Ukraine leads to an increase in prices for petroleum products. The result? Fuel prices remain as high as if the price of oil were still above $100," Bloomberg columnist Javier Blas wrote in X.