The European Union has recorded a sharp increase in prices for automobile fuel.
Quick Look
- In August, inflation in the EU automobile fuel market accelerated to 23.8% in annual terms.
- The largest increase in gasoline prices was recorded in Bulgaria, Lithuania and Finland.
- An increase in the price of diesel fuel has also been noted.
AI-generated summary
Why It Matters
The data is based on reports from the EU Statistical Office (Eurostat) for August.
Towards the end of summer, the retail cost of automobile fuel and oil for personal transport in the European Union (EU) rushed up. Interfax reports this with reference to data from the EU Statistical Service (Eurostat).
At the end of August, inflation in this segment of the European market accelerated to 23.8 percent in annual terms. For comparison, in June the dynamics were estimated at 13.7 percent, in July - at 16.9 percent.
Fuel prices rose the most in Bulgaria. In this country, the cost of gasoline jumped by 34.5 percent in the last month of summer. The top 3 also included Lithuania (plus 28.8 percent) and Finland (plus 27.6 percent).
As for diesel fuel prices, during the reporting period they increased in the EU by 8.3 percent compared to the July figure. At the height of summer, the increase was 4.3 percent.
Open Questions
- What are the reasons for such a sharp jump in prices in Bulgaria?
