The year began with an increase in fuel prices, which was supported by an increase in excessive violations. Prices for oil also began 2025 with an increase, which now has slowed down again. What we can expect in the future and what factors are affecting driver costs, Delfi Bizness finds out.About half of the price of fuel is the price of petroleum products on the exchange, and the other half
is taxes, expenses of traders and the markup, notes the chairman of the management of Virši Janis Viba. Last year prices for oil were influenced by geopolitical events, and the highest level with 92 dollars for a barrel – they reached in April, when the conflict between Israel and Hamas with potential intervention by Iran escalated. Prices for oil have risen, because many many Middle
EastcountriesexportoilandareneartheRedSea,throughwhichmore than10%oftheworld’soil is transported.