New fuel price hike in Belgium due to US-Iran tensions: Queues form at stations

While the lack of results from US-Iran negotiations and the US blockade in the Strait of Hormuz have caused oil prices to rise, fuel prices in Belgium, which had already broken price records twice, have begun to climb again.

The breakdown of negotiations between the US and Iran and the renewed escalation of tensions have caused fuel prices in Europe to rise once again. The joy over the price cuts announced by Belgium, which had occurred thanks to the negotiations, was short-lived.

Gasoline and diesel prices, which had started at their lowest levels in recent weeks, began to rise following an announcement made during the day.

The Belgian Ministry of Economy has decided to raise the price ceilings for petroleum products once again. Upon hearing the news of the decision, citizens flocked to gas stations. Queues formed at fuel stations.

The price of a liter of diesel, which was below 1.5 euros before the conflicts in the Middle East, will exceed 2.22 euros after the latest hikes. The price of a liter of gasoline will be 1.894 euros.

These prices will come into effect at midnight between Monday and Tuesday. While citizens tried to fill their tanks before this price hike, some pumps became unable to provide service as they ran out of fuel.

News Source: 12punto