economy

April 30, 2026

Fuel Prices Skyrocket in These European Countries: Another Blow Looms as Oil Prices Hit New Highs

Until February 2026, fuel prices in the European Union (EU) were generally falling, both on average for the entire EU and in most member states.

Fuel Prices Skyrocket in These European Countries: Another Blow Looms as Oil Prices Hit New Highs

TL;DR

  • EU fuel prices rose by 12.9% in March 2026 compared to March 2025.
  • Germany, Romania, and the Netherlands saw the largest price increases.
  • Hungary and Slovenia experienced price decreases compared to the previous year.
  • Diesel prices increased by 19.8% and gasoline by 9.4% year-on-year in March 2026.
  • Monthly price increases were also significant, with diesel up 19.1% and gasoline up 10.6% from February to March 2026.
  • Fuel prices continued to rise in April, with Brent crude oil exceeding $125 per barrel.
  • Serbia has implemented measures like reducing excise taxes and releasing diesel from state reserves to mitigate price increases.
  • President Aleksandar Vučić stated that more state reserves will be released.

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