Romania records second-highest fuel price hike in EU during March

Business Forum
The EU's downward trend in transport costs ended in March 2026, with Romania emerging as one of the most heavily impacted member states, according to Eurostat.

After a period of declining costs for fuels and lubricants for personal transport through February 2026, the EU average price surged by 12.9% compared with March 2025.

Romania registered a 19.6% year-on-year increase, the second-highest rise in the bloc, trailing only Germany's 19.8%.

The inflationary pressure was driven primarily by a sharp rise in diesel costs. Across the EU, diesel prices climbed 19.8% year-on-year, while petrol saw a more moderate 9.4% increase. On a month-to-month basis, cosumers saw diesel prices jump 19.1% and petrol rise 10.6% between February and March 2026.

Monthly data showed even sharper spikes in specific markets, where diesel surges were led by Czechia and Sweden at 27.6%, followed by Estonia at 26.8% and Latvia at 25.4%. Similarly, petrol prices reached monthly highs in Belgium at 15.1%, Sweden at 15.0%, and Austria at 14.8%.

Conversely, Slovenia and Hungary remained outliers in the annual data, recording price decreases of 5.9% and 2.7% respectively compared with March 2025. However, these figures represent a softening of previous trends, as even these markets experienced monthly price growth between February and March 2026.

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Business Forum  |  15 May, 2026 at 7:30 PM
Business Forum  |  15 May, 2026 at 6:30 PM