Diesel price reaches an all-time high in Belgium, sparking national debate. Experts worry about possible increases, questioning if it may reach three euros.
Key factors include crude oil prices, excise taxes, and value-added taxes.
Refining margins remain steep, adding significant pressure on retail diesel costs nationwide. Global conflicts, such as Middle East tensions, disrupt supply chains and refineries heavily.
Despite potential for a U. S.-Iran oil deal, refining margins still constrain prices. Analysts remember two thousand twenty-two's surge after Russia invaded Ukraine, repeating warnings.