Europe’s oil bill: EU pays €10bn more per month than in 2025

AI Summary

The EU spent an average of €27.6 billion per month on petroleum oil imports in the second quarter of 2026, about €10 billion more per month than in 2025. The rise follows Middle East tensions and is contributing to higher petrol and diesel prices for consumers.

European countries are paying far more for petroleum oil imports this year, following tensions in the Middle East in February 2026. Consumers are already facing higher petrol and diesel prices. Now, the EU’s import bill shows just how sharply costs have risen. In the second quarter of 2026, the EU spent an average of €27.6 ...