Advised petrol price falls below €2.50 a litre, lowest since early July

The advised price for a litre of Euro 95, the standard petrol labelled E10 at the pump, fell to €2.485 on Thursday. That is 2.4 cents less than the day before and the lowest level since early July, according to consumer collective UnitedConsumers.

Diesel fell 2.5 cents to €2.647. LPG stayed at €1.335.

The average at the pump

The advised price is a national average that UnitedConsumers works out each day from the advised prices of the 5 largest oil companies. It says the price you pay at the pump can differ.

Statistics Netherlands (CBS) publishes a weighted average of pump prices, including VAT and excise duty, once a week. Its latest figure is for Monday 2 November: €2.284 for Euro 95 and €2.468 for diesel. That is a different measure from the advised price, for a different day, so the 2 cannot be compared exactly.

The CBS average for Euro 95 was €2.279 on 1 November. It had not been lower since 8 July.

Still above January

Fuel is still more expensive than at the start of the year. On 1 January the CBS average was €1.963 for Euro 95 and €1.734 for diesel. By Monday, petrol was 32 cents a litre higher, about 16%, and diesel 73 cents higher, about 42%.

At those averages, a 50-litre tank of petrol costs about €16 more than on 1 January.

This year’s peaks on the CBS figures were €2.466 for Euro 95, on 7 September, and €2.599 for diesel, on 8 April.