Eurostat reported a significant increase in fuel prices in the EU
The cost of automobile fuel and oils in August increased by 23.8 percent in annual terms
Quick Look
- According to Eurostat data, in August the cost of motor fuels and oils in EU countries increased by 23.8% year on year.
- The largest price increases were recorded in Bulgaria, Lithuania, Finland and France, while in Hungary and Sweden the figures were significantly lower.
AI-generated summary
Why It Matters
Eurostat monitors the dynamics of consumer energy prices in the countries of the European Union.
Last month, automobile fuel and oils for personal transport increased in price year-on-year by 23.8 percent. These Eurostat data were cited by Interfax.
It is noted that in July the cost of fuel rose by 16.9 percent, in June - by 13.7 percent, and in May - by 20.7 percent. The April and March price increases were estimated at 20.8 and 12.9 percent, respectively.
Bulgaria showed the most serious rise in prices. There, in the last month of summer, they began asking for fuel and oils 34.5 percent more than a year ago. In Lithuania, the price tag increased by 28.8 percent, in Finland - by 27.6 percent, and in France - by 27.4 percent. But in Hungary the price increase was estimated at only 1.3 percent. In Sweden we are talking about 6.1 percent.
In general, in the EU, diesel fuel in August rose in price by 8.3 percent, and gasoline by 3.3 percent, when compared with July values.
Open Questions
- Reasons for the significant gap in price growth rates between EU countries.
