Government keeps tariffs on, fuel prices skyrocket: A diesel tank is going to cost almost 7 euros more

The government has decided to maintain fuel price subsidies, leaving oil prices unchanged for another week. As a result, diesel prices have risen to nearly 7 euros more per 50-liter tank, according to a statement issued today by the Ministry of Infrastructure and Energy. The new pricing will remain in effect until July 27th. Fuel prices remained stable despite fluctuations in global markets. On June 1st, 95-octane gasoline was priced at 1.714 euros per liter, marking its highest level since early May. Diesel reached its peak during the week of April 8th to 13th, with a price of 1.894 euros per liter. Heating oil saw similar increases, reaching 1.484 euros per liter during the week of April 14th to 20th. The government did not adjust the cost rates, which were set at 0.41759 euros per liter for 95-octane gasoline, 0.33000 euros per liter for diesel, and 0.07875 euros per liter for heating oil. Without these subsidies, estimates from the ministry suggest that 95-octane gasoline would have cost around 1.752 euros, diesel approximately 1.959 euros, and heating oil roughly 1.568 euros per liter. This means that filling up a 50-liter diesel tank will now cost 6.6 euros more than before, while a similarly sized gasoline tank will see an increase of about three euros. The ministry stated that future pricing of these petroleum derivatives will continue to follow a methodology based on international market price movements and the dollar-euro exchange rate. Model prices are calculated using seven-day averages of mineral-based petroleum derivative prices. Retailers are still allowed to set their own prices on highways and fast roads, though they must adhere to the regulated guidelines. The ministry emphasized that the current pricing structure reflects the latest available data and is designed to provide transparency and stability for consumers. Industry representatives have expressed mixed reactions to the decision. Some noted that the continued subsidy helps keep costs manageable for everyday drivers, particularly in rural areas where alternative transportation options are limited. Others argued that maintaining the status quo does little to address long-term economic pressures or environmental concerns related to fossil fuels. Looking ahead, the ministry plans to review the pricing model again in late August, taking into account updated market conditions and potential policy changes. Until then, consumers can expect to see further adjustments based on the ongoing dynamics of global energy markets and currency fluctuations.