In 2024, Poland leads European countries with a Liquid Fuels HICP of 21.6 (Thousandes 2015=100), reflecting strong price pressures, followed by France at 20.996. Data from 2022 indicate Poland experienced the highest increase among these countries at 17.27%, suggesting consistent upward trends in fuel expenses. Notably, Germany, although one of Europe's largest economies, had a relatively lower rate of 17.37 in 2024 with a past increase rate of 14.52% in 2022. Romania's growth was significantly muted over the years, with a 2.87% rise in 2022, marking it as having the slowest price progression among the listed countries.
Future trends to watch:
- Geopolitical factors impacting supply chains could further affect fuel prices across Europe.
- Transition to renewable energy sources may influence the long-term stability of fuel prices.
- Potential policy shifts towards carbon emissions reduction could lead to increased taxation and fuel cost adjustments.
Top countries in Liquid Fuels HICP by Country
| # | 10 Countries | Indexes 2015 = 100 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Poland | 216 | 2022 | +77.92% | +17.27% | View data |
| 2 | 2 France | 209.96 | 2022 | +65.95% | +14.9% | View data |
| 3 | 3 Macedonia | 209.35 | 2022 | +48.21% | +16.83% | View data |
| 4 | 4 Luxembourg | 204.75 | 2022 | +69.95% | +15.75% | View data |
| 5 | 5 Finland | 204.41 | 2022 | +66.35% | +13.93% | View data |
| 6 | 6 Austria | 198.42 | 2022 | +89.69% | +15.49% | View data |
| 7 | 7 Ireland | 193.3 | 2022 | +78.32% | +14.88% | View data |
| 8 | 8 Belgium | 192.22 | 2022 | +70.45% | +14.43% | View data |
| 9 | 9 Estonia | 186.32 | 2022 | +47.83% | +8.66% | View data |
| 10 | 10 Switzerland | 186.12 | 2022 | +62.73% | +11.83% | View data |
