00:01European countries are paying far more for petroleum oil imports this year, following tensions in the Middle East.
00:09In the second quarter of 2026, the EU spent an average of 27.6 billion euros a month on petroleum
00:17oil imports, up almost 56% from 17.7 billion euros a month in 2025.
00:25But the volume of oil imported barely changed. It rose by just 1.2% from 36.3 million tons
00:33a month in 2025 to 36.7 million tons.
00:37That means the EU paid 9.9 billion euros more a month.
00:42The cost per ton also rose from 487 euros to 750 over the same period, returning to its 2022 peak.
00:53The war between the US, Israel and Iran has disrupted oil production and supplies to global markets, pushing prices higher.
01:02The disruptions hit the EU hard because it was 90-95% dependent on oil imports from outside the bloc.
01:11European drivers have felt the impact at the pump as petrol and diesel costs topped 2 euros per litre.
01:19Experts warn that as consumers spend more on filling their tanks, they would have less to spend on other things,
01:24such as food and other everyday goods.
01:26Customers say they have less than 2 .
01:27Customers.
01:29Customers.
01:30Customers.
