An expert advises drivers returning to Denmark to refuel outside Danish borders as prices continue to rise.
Diesel prices continue their upward trend for the tenth day
Diesel fuel prices in Denmark continued their upward trend, reaching 17.38 Danish kroner per liter on Friday, marking the tenth consecutive day of daily increases, according to data from the fuel price tracking service Benzinpriser.io, as reported by BT.
An economist advises refueling before returning to Denmark.
The website quoted Ilyas Dogru, a consumer economist and senior advisor at the Danish Automobile Club (FDM), urging travelers spending their summer holidays by car to think about where to refuel before returning to Denmark, stressing that this could result in significant financial savings.
Dogru explained that refueling in Sweden or Norway is a less expensive option compared to Denmark, noting that the governments of both countries have provided support to drivers by reducing taxes and fees imposed on fuel, which has been directly reflected in prices.
He also pointed out that refueling in Germany can also be a viable option for those wishing to reduce fuel expenses.
Lower taxes in neighboring countries are reflected in prices.
Elias Dogru explained that lower taxes and fees in countries neighboring Denmark have kept fuel prices there at lower levels, making refueling outside Denmark an economical option for drivers crossing the border.
The war in the Middle East is driving up prices
The economist attributed the current rise in fuel prices to geopolitical developments in the Middle East, explaining that escalating tensions and the renewed closure of the Strait of Hormuz raise concerns about declining oil supplies coming from the region.
According to Elias Dogru, as reported by BT, the price increase is due to the escalating crisis in the Middle East and the renewed closure of the Strait of Hormuz, which could lead to less oil leaving the region, and consequently higher fuel prices.
Sanctions on Russian oil are affecting diesel prices.
Dogru added that the significant increase in diesel prices during this period is also related to a shortage of refined products, explaining that this comes in light of the sanctions imposed by Denmark on Russian oil, which has affected the availability of some petroleum products in the market.
Warning of the possibility of new record levels
The economist warned that the continuation of the war in the Middle East could push fuel prices to new record levels, noting that prices could return to the high levels recorded in April, and perhaps even exceed them if the crisis continues.
Tip to reduce fuel consumption
Elias Dogru concluded his remarks by offering advice to drivers wishing to reduce fuel consumption, calling for driving calmly and avoiding high speeds.
He explained that driving at 110 kilometers per hour instead of 130 kilometers per hour can reduce fuel consumption by about 20 percent, which contributes to reducing driving costs, especially in light of the continuous rise in fuel prices.
