European diesel wholesale price nears $1,500 per tonne
The wholesale price of diesel on the European market rose by $52.75 per tonne, to $1,498.81.
Written later, from the reports of that day.
What it means for you
In the week of 19 to 25 October, diesel at the pump in the European Union averaged about 2.139 euros per litre. A year earlier, in the same week, it was 1.511 euros. That is a rise of about 41.6%.
What happened
The wholesale price of diesel on the European market rose by 3.65% on 24 October. The quote reached $1,498.81 per tonne. Prices swung by about $25 per tonne within the same day.
In short
- The quote started near $1,482 per tonne and climbed to about $1,507 before falling back.
- Low-sulphur diesel contracts are traded on the ICE Futures Europe exchange in US dollars per metric tonne.
- The weighted average pump price of diesel in the European Union is about 2.139 euros per litre.
Original sources
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