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Downstream oil in brief: will high pump prices impact demand?

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European retail fuel prices have hit record highs in the past two months on the back of rising crude prices as a fallout of the situation in Ukraine. Many governments have introduced tax cuts in an effort to curb the spike in prices. Despite these attempts, we expect retail prices will continue to remain elevated throughout 2022. What impact will sustained high fuel prices have on road fuel demand?

Table of contents

  • So what impact will high prices have on retail fuel demand?

Tables and charts

This report includes the following images and tables:

    Percentage variation in German road fuel sales driven by GDP and priceHungary retail gasoline priceGermany retail gasoline price
    Hungary retail diesel priceGermany retail diesel priceHungary gasoline gross retail marginsGermany gasoline gross retail marginsHungary diesel gross retail marginsGermany diesel gross retail margins

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    Downstream oil in brief: will high pump prices impact demand?

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