Sanctions to blame for EU diesel price hike – El Pais ...News

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Europe is already facing fuel shortages and consumers are being hit by inflation The looming EU embargo on Russian oil is driving diesel prices higher in Europe, El Pais newspaper reported on Monday. Increases in the cost of gasoline and diesel were triggered by the Covid-19 pandemic and coincided with rising oil prices. However, the situation has changed, as the EU now needs much more diesel than it can produce. More than a third of the fuel continues to arrive from Russia, according to the newspaper. But an embargo on Russian crude and petroleum products scheduled for February 2023 is already driving diesel pric

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