Consumer prices for fuel, as recorded by prices at filling stations, have increased substantially in 2022, except in Malta and Hungary where fuel prices are regulated, according to data analysed from European Commission; in fact, these rises have been the sharpest have since the data has been made available for European Union (EU) Member States from 2005.
The weekly average weighted prices of Super Unleaded 95 petrol (E95) breached the €2.00 per litre mark in seventeen out of 27 Member States in 2022, whilst sixteen Member States also recorded the same price breach for diesel.
For the latest week for which data is available, Monday 15 to Sunday 21 August 2022, the prices of petrol (E95) and diesel across EU were still up 13.67% (€0.21 per litre) and 23.21% (€0.34 per litre), respectively, since the beginning of 2022 (week of Monday 3 to Sunday 9 January 2022).
For the week of 15 August 2022, the price of one litre of petrol (E95) was the highest in Spain (€2.122), closely followed by Denmark (€2.116 per litre), the Netherlands (€2.061 per litre) and France (€2.043 per litre), the only four Member States with prices still above €2.00 per litre mark. The lowest petrol (E95) price was recorded in Hungary (€1.294 per litre), followed by Malta (€1.340 per litre) and Poland (€1.461 per litre). In Luxembourg, the weekly weighted price for petrol (E95) for the latest week was €1.368 per litre, up €0.13 per litre (11.05%) since the beginning of 2022.
The all-time-high petrol price in the EU was recorded in Finland (€2.558 per litre, week of 13 June 2022), closely followed by Denmark (€2.545 per litre, week of 6 June 2022) and Greece (€2.424 per litre, week of 20 June 2022). Luxembourg recorded its highest price of €2.017 per litre of petrol (E95) between 4 and 8 June 2022.
In terms of diesel prices, for the latest week of 15 August 2022, the highest price in the EU was recorded in Sweden (€2.259 per litre), closely followed by Spain (€2.084 per litre), the only two Member States reporting prices above the €2.00 per litre mark. The lowest diesel prices were reported in Malta (€1.210 per litre), followed by Bulgaria (€1.676 per litre), Romania (€1.776 per litre) and Poland (€1.522 per litre). The diesel price in Luxembourg for the latest week was €1.717 per litre, up €0.34 per litre (24.24%) since the beginning of 2022.
The all-time-high diesel price in the EU,since 2005, was recorded in Sweden (€2.528 per litre, week of 20 June 2022), followed by Finland (€2.489 per litre, week of 27 June 2022) and Germany (€2.312 per litre, week of 14 March 2022). Luxembourg recorded the historical high for diesel prices of €1.996 per litre between 18 and 20 June 2022.
In annual terms, i.e. the current prices (week of 15 August 2022) compared to year ago (week of 16 August 2022), the highest increase in petrol (E95) prices was recorded in Greece (63.82%), followed by Finland (57.00%) and Austria (50.68%), whilst the highest increase in diesel prices was recorded in Latvia (62.26%), followed by Finland (61.97%) and Greece (57.81%).
Malta is the only EU Member State which has not increased fuel prices, for both Petrol (E95, €1.340 per litre) and diesel (€1.210 per litre) since 15 June 2020.
Prices includes taxes and levies. Exchange rates for non-euro Member States were used to transform the prices in euro using the weekly weighted averages of the reference week.
