EU Diesel Average Price Hits Record €2.23 per Litre

This record reflects a supply-side shock rather than demand growth, with refinery damage and Strait of Hormuz disruption doing the work. The burden falls most heavily on diesel-dependent sectors — freight, agriculture, construction — and on member states with weaker fiscal room to cushion pump prices. The open question is whether this proves a temporary spike tied to specific conflicts or a structural repricing of European distillate supply, which would matter far more for inflation and industrial competitiveness than the headline number itself.