Diesel price surge sends shockwaves through European economy Xinhua | Updated: 2026-09-29 09:03

Diesel price surge sends shockwaves through European economy Xinhua | Updated: 2026-09-29 09:03 https://www.chinadaily.com.cn/a/202609/29/WS6abb0e64e4b06d4aa0560ae9.html BRUSSELS -- Record diesel prices are sending shockwaves through Europe's economy, pushing up freight costs and squeezing farmers and businesses as disruptions to Russian and Middle Eastern supplies tighten an already strained global market. An analysis of data published in the European Commission's latest Weekly Oil Bulletin put the consumption-weighted average retail diesel price across the European Union at a record 2.23 euros (about 2.54 US dollars) per liter.