As the world awaited an unlikely new round of negotiations between Washington and Tehran, oil prices rose again on Thursday to over $100 a barrel.
This prevents almost all exports from the vital Strait of Hormuz, where ’ per cent of the world's oil trade passes in peacetime.
The year before the US-Israeli ’ attacked Iran’, pump prices were falling for most of AB’, but the shock from the blockade sent them back. From the roof .
Exactly how much fuel prices have increased in Europe’?
The answer is Eurostat from ’Publishes price differences between February and March 2026.
Following the start of the military operation in ’ on 28 February, fuel prices across the EU increased by about 13.5 percent.
Prices increased most in Latvia and Sweden’te; both at general fuel prices from February’ to March’ %It reported an increase of more than 20’.
Diesel drivers have been the most affected by this and this rate has been observed in gasoline vehicles. %Compared to 10.6’, the residual pump is almost %He spends $19.1 more.
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Czech and Swedish diesel drivers, approx. %With increases of 27.6’, AB’ is experiencing the most difficult days. This is Estonian (+.8), Latvian (+,4), Belgian (+,2) and the owners of Dutch diesel vehicles are following. (+,1).
Slovenia, which did not receive such a hard blow (+%2,9), Slovakia and Hungary (both +%7.0) except for all other EU countries in diesel %It saw an increase of over 10’.
When it comes to gasoline, Belgian, Swedish, Austrian and Czech drivers are approx. %While spending 15 more, Slovenia, Slovakia and Hungary again, this time with the participation of Italy’ %5Under ’.
On an annual basis: Are British consumers being hit harder than in AB’?
In general, the bite felt even harder along the canal.
According to data from the British Ministry of Energy Security and the RAC’'s Fuel Monitoring Report, compared to March 2025, diesel prices in the United Kingdom ’ %The price of gasoline increased by 26, while the price of gasoline increased by about increased and about in fuel %There was an increase of 19’.
Eurostat, on an annual basis AB’de the worst affected country's costs %He says it's Germany, where it's up 19.8. Romania is also %It recorded a similar increase with 19.6.
There were only two exceptions in AB’: Jože Damijan, professor of international economics at the University of Ljubljana, told us, %-2.7 in Hungary (one of the bloc's largest importers of Russian oil) and Slovenia (%-5,9), the country said, bringing fuel costs outside highways to the upper limit.
How long can government ceiling prices last?
Damijan, SloveniaWhether ’ can keep prices at a certain level depends on the Platts oil spot prices (Mediterranean exchange) used in the “motorin pricing model. Under the regulatory framework, the model is updated once a week, says ”.
“Of course, in the event of the long-term closure of Hornuz’, high Brent oil prices (the global pricing benchmark) will also raise Platts oil prices. In such a scenario, no model can sustain low prices”.
Next week, AB’ is expected to introduce rules that allow member states to loosen state aid in an effort to ease pressure on consumers as the war drags on.
