Why are petrol and diesel so expensive despite crude oil not reaching record highs?

Pump prices could remain high in Europe, adding to inflationary pressure. The immediate problem is not just the supply or price of crude oil, but limited refining capacity, disrupted trade flows and shortages of finished fuels, particularly diesel.

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Why are petrol and diesel so expensive despite crude oil not reaching record highs?

Source: Euronews

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Why are petrol and diesel so expensive despite crude oil not reaching record highs?

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