High prices at the pump

Petrol price hits record due to expensive dollar and political turmoil

The price for a litre of petrol has risen again, according to the latest figures from consumer collective UnitedConsumers, which has been monitoring fuel prices on a daily basis since 2001. This week, the recommended price for petrol reached its highest level this year. Paul van Selms, director and fuel expert at UnitedConsumers, explains the price rise: “The expensive dollar and political unrest in the world are the main explanations for the high prices at the pump.”

The average national recommended retail price (GLA) for petrol currently stands at 2.188 euros per litre, marking the highest point in 2025. Moreover, it has been almost three months since the petrol price was last this high, on November 22, 2024. Compared to New Year’s Eve (31 December 2024), the price has risen by almost five cents. This means that consumers who fill up frequently will spend more in 2025. For example, those who fill up an average of 40 litres of petrol per week will now pay around 2 euros extra per full tank. This amounts to an annual increase of about 100 euros in fuel costs.

Dollar price drives up oil costs

Van Selms explains that the high dollar price is one of the main causes of the price rise: “A barrel of oil is paid for in dollars, and the dollar has strengthened against the euro. In other words, you get less dollar for a euro. That makes it more expensive to buy oil. And the purchase price of crude oil translates to prices at the pump.”

Uncertainty due to political tensions

In addition, global political instability creates uncertainty about oil supply and stocks, making fuel prices extra unpredictable. Van Selms says: “The oil market no longer reacts as violently to political developments as it did in 2022, but we still see uncertainty. I think fuel prices could potentially rise further, but I don’t expect the increase to continue indefinitely.”

So petrol station operators should prepare for a period of higher fuel prices, with the expectation that price increases may continue for a while.

The price for a litre of petrol is on the rise again, according to figures from consumer collective UnitedConsumers. Source: UnitedConsumers

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This article was automatically translated from the Dutch language original to English.

Author: Belinda Meijers

Source: MobilityEnergy.com

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