Downstream oil in brief: are higher retail fuel prices here to stay? Report

Insight 24 November 2021

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Report summary

Fuel prices have been soaring in many European markets, with the UK seeing record highs on a single day towards the end of October. Rising costs due to the tightness in the wholesale market for gasoline and diesel blending components combined with an increasing drive to tax carbon-based fuels are pushing up the price at the pump. Some governments have taken the issue into their own hands by introducing price caps amid fears around inflation. How are these developments impacting fuel retailers and margins?

Rising costs and policies aimed at decarbonising the transport sector send prices higher
Margins trend downwards and some countries resort to price caps
Summary