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The escalation of conflict in the Middle East leads to higher fuel prices in Europe and neighboring countries.

EU countries, Ukraine and Moldova have seen sharp increases in gasoline and gas prices.

Image of 'The escalation of conflict in the Middle East leads to higher fuel prices in Europe and neighboring countries.'

Against the backdrop of the situation in the Middle East, the price of energy resources has risen in the European market. Since the start of the US and Israel operation, gas prices in Europe have increased by almost 50 percent. Similarly, the price of Brent crude oil has exceeded $83 per barrel for the first time since July 2024.

In Estonia and Lithuania, it has been noted that the price of AI-95 gasoline has increased by tens of cents within a few hours. In Germany, since February 27, the cost of filling a 50-liter tank has increased by 6–9 euros.

Sharp changes are also being observed in Ukraine's fuel market: since the beginning of the week, gasoline prices have risen by 20 percent. On March 3, the price increased by 2 hryvnias overnight. At gas stations, drivers are lining up since morning, trying to fill their tanks before a possible price hike.

In Moldova, a liter of AI-95 gasoline has reached almost 30 lei — the highest indicator in the last year. Diesel fuel has risen to 21.21 lei. According to official data, the country's reserves contain gasoline for 23 days, diesel for 13 days, and natural gas for 24 days.

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