The Competition Council of Latvia (CC) has carried out a preliminary study on fuel price changes at the beginning of 2026, analysing information provided by market participants, procurement costs and trends in international markets. As a result of the study, the CC concluded that the increase in fuel prices in the first quarter of 2026 were driven by objective external factors - namely, the geopolitical situation and the associated sharp rise in petroleum product prices on international markets…
The Competition Council of Latvia (CC) has carried out a preliminary study on fuel price changes at the beginning of 2026, analysing information provided by market participants, procurement costs and trends in international markets. As a result of the study, the CC concluded that the increase in fuel prices in the first quarter of 2026 were driven by objective external factors - namely, the geopolitical situation and the associated sharp rise in petroleum product prices on international markets, which directly affected fuel procurement costs. The CC did not identify any indications of competition-restricting practices in the retail fuel market. The CC’s initial data analysis indicates similar price dynamics in the market, but does not, at…
