EU FUEL CRISIS! Russia Mocks Europe As Diesel Prices Hit Record Highs | Times Now World

The European Union is facing a record fuel-price shock, with average petrol and diesel prices reaching their highest levels since comparable European Commission data began in 2005. Diesel has climbed to €2.159 per litre, while prices have risen nearly 40% since the start of 2026. ECB experts expect diesel refining margins to peak in October, adding further pressure on consumers, transport and industry. The squeeze comes amid Middle East energy disruptions and instability around the Strait of Hormuz. In France, fuel shortages were reported at 11% of petrol stations, while Russian presidential economic envoy Kirill Dmitriev mocked Europe’s worsening energy situation, calling it the “worst energy crisis in history.”

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