News from the Netherlands

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Cross-border refuelling becomes more attractive due to the increase in fuel taxes in the Netherlands

From 1 July, petrol and diesel will become significantly more expensive in the Netherlands due to increased fuel taxes. This price increase may lead to more significant price differences with neighbouring Belgium, Germany and Luxembourg, making it attractive for many Dutch motorists to fill up across the border.

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Energy Market Trends in NL

Gas and energy prices in the Netherlands have risen sharply recently, rising nearly 25 % on a single day, with traders paying around €33 for a megawatt hour. Despite this increase, the cost of gas is significantly lower than last year, when prices were often above €100. This has resulted in lower energy bills for consumers.

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Rutte Stays on Gas

Yesterday NU.nl reported that according to Prime Minister Mark Rutte, gas extraction in the Groningen field will stop completely this autumn. There is still minimal gas extraction, allowing the wells to remain open. However, the closure is subject to several conditions, including sufficient foreign gas, which can be converted to the type suitable for our heating systems and cooktops.

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May 2023: Inflation Rises to 6.1%

According to CBS data, inflation in the Netherlands rose to 6.1% in May 2023, up almost one percentage point compared to April (5.2%). On average, consumer goods and services were 6.1% more expensive than in May 2022. Without considering price developments of energy and motor fuels, inflation was as high as 7.9%.

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