Record price for diesel

News of the 21/01/2022
Record price of diesel

The price per liter of diesel rose to €1.6214 on average and exceeded the previous record of 2018 at €1.5331 just before the yellow vests crisis.

The Ministry of Ecological Transition provides these weekly figures.

The price of a crude barrel is trading at almost 90 dollars and this constant increase for a year can be explained by multiple factors. First of all, the period of economic recovery following the Covid led to a sharp increase in demand but, on the contrary, the supply fell.

Hurricane Ida which hit the Gulf of Mexico has caused a drop in US production, tensions are ongoing in Ukraine and the Middle East and OPEC is in a strong position to control its production.

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