Overview
- On August 13 average retail prices stood at €1.71 per liter for gasoline and €1.64 per liter for diesel, the lowest levels recorded since 2021.
- Week-on-week adjustments delivered further reductions of 0.3 cent per liter for gasoline and 0.5 cent per liter for diesel compared with August 8.
- The Ministero delle Imprese e del Made in Italy attributes the declines to softer international crude and refined-product markets and rising U.S. inventories.
- Consumer association Codacons notes pump prices have fallen just 2% since June while crude quotes plunged 16.7% and urges retailers to pass through deeper cuts.
- U.S. Department of Energy data showed a 3.04 million-barrel build in American crude stocks last week, adding downward pressure on global oil prices.