The Competition Council (CC), in response to the sharp increase in fuel prices observed during the second quarter of 2026, the impact of geopolitical developments in the Middle East on the fuel market, and concerns raised by consumers regarding price changes, carried out an in-depth assessment of the fuel and autogas markets in Latvia. By analysing fuel price developments, wholesale purchase prices, the impact of the temporary reduction in excise duty, and developments in the autogas (LPG)…
The Competition Council (CC), in response to the sharp increase in fuel prices observed during the second quarter of 2026, the impact of geopolitical developments in the Middle East on the fuel market, and concerns raised by consumers regarding price changes, carried out an in-depth assessment of the fuel and autogas markets in Latvia. By analysing fuel price developments, wholesale purchase prices, the impact of the temporary reduction in excise duty, and developments in the autogas (LPG) market, the CC has compiled its key findings on market developments during the first half of 2026. Petrol and Diesel Prices The CC's analysis indicates that the increase in the retail prices of 95-octane petrol and diesel was primarily driven by a sharp…
