Fuel prices in the Netherlands rise in 2024, no quick decline expected
Fuel prices in the Netherlands have continued to climb in 2024, with no significant decrease anticipated in the coming year. The current advisory price for Euro95 gasoline stands at 2.142 euros per liter, while diesel is priced at 1.902 euros per liter, reflecting a year marked by steady increases.
Paul van Selms of UnitedConsumers attributes the persistently high prices to ongoing geopolitical conflicts in Ukraine and the Middle East. "I don’t expect these wars to end any time soon," Van Selms said, highlighting their impact on global oil markets.
As the year draws to a close, Euro95 gasoline has risen by approximately 4 percent from 2.054 euros per liter at the end of 2023. Diesel prices have followed a similar trend, increasing from 1.870 euros per liter last December. Despite these annual increases, some relief was observed earlier in the year when prices briefly peaked—Euro95 surged 11 percent higher in April, while diesel reached 1.997 euros per liter in February.
The advisory prices, typically seen at highway stations, are often lower at other locations. However, Van Selms notes that the overall trajectory for fuel costs remains upward.
"Early in the year, tensions in the Middle East caused significant price hikes," he explained. These pressures, combined with the strength of the U.S. dollar, have kept fuel prices elevated throughout the year.
As oil is traded globally in dollars, a strong dollar increases oil costs for countries using other currencies. "A strong dollar makes oil more expensive, and we see that reflected in prices at the pump," Van Selms said.
The Netherlands remains one of Europe’s most expensive countries for fuel, a distinction largely attributed to high taxes on gasoline and diesel. Despite government measures such as a temporary reduction in excise duties and the suspension of inflation-based tax adjustments until the end of 2025, prices remain steep due to elevated base rates.
"The differences between countries are stark, and despite the idea of a unified Europe, these gaps aren’t narrowing," Van Selms added. "The Netherlands consistently ranks as one of the most expensive countries for fuel."
