it was reported that the average level of fuel prices in Latvia saw a significant increase of 8.7% in April, driven primarily by rising diesel prices. The price hike reflects both local market pressures and broader influences from international fuel supply disruptions linked to geopolitical tensions.

According to the CSB, compared to April 2025, the average fuel prices have surged by 28.1%. Notably, diesel prices have risen by an alarming 34.9%, with petrol and auto gas also seeing increases of 14.8% and 16.2%, respectively.

This surge in fuel prices is part of a larger trend observed globally, where escalating tensions, notably the recent conflict involving Iran, have led to substantial disruptions in fuel supply chains. Analysts are concerned about the continuing rise in prices and its impact on consumers and businesses alike.

Fuel price fluctuations are expected to continue affecting various sectors in Latvia, raising concerns among transport operators and other industries reliant on fuel. The government may need to consider measures to mitigate the economic impact of rising prices, including discussions on possible adjustments to excise duties on fuel.