The upcoming agreement between the United States and Iran is good news for drivers. The oil price on the world market immediately fell by 4 percent this morning. From tomorrow we will notice this at the petrol pump. Then the price per liter can be reduced by several cents.
If you have to refuel and want to save money, it is best to wait another day, says Derk Foolen of UnitedConsumers. More will become clear about the new petrol and diesel prices at the end of the afternoon.
It seems like a certainty that the price at the pump will drop tomorrow, but whether that will happen by 1 or 5 cents per liter remains to be seen. “We think that the large companies will be cautious before they lower prices.”
The recommended retail price of a liter of Euro95 today is 2.472 euros, a liter of diesel costs 2.314 euros.
Low in two months
A barrel of Brent crude oil cost $83 per barrel on the world market on Monday morning, the lowest in two months. That price was last reached on March 4 this year, when the war between Iran, the United States and Israel was still in its early stages and military operations were launched here and there with missile and drone attacks.
The national recommended price for a liter of Euro95 petrol in the Netherlands at the time was around 2.32 euros per liter; with cheaper unmanned pumps this was well under 2 euros, at 1.90 euros per liter.
Blockade Iranian ports
About a fifth of the world’s oil is transported through the Strait of Hormuz. The stock exchanges in Tokyo and Seoul also benefited considerably on Monday morning from the future end of the war and the hoped-for rapid reopening of the Strait of Hormuz.
Rising prices on stock markets
The stock markets in Hong Kong and Shanghai gained up to 1 percent, the stock market in Sydney rose more than 1 percent. Shares of Asian car manufacturers and airlines in particular benefited from lower oil prices.
Among the big gainers were also shares of Asian AI-related companies, such as chip component manufacturers.
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