Economy
Consumers Fill Up Less Due to High Diesel and Gasoline Prices
According to ABN AMRO's economic bureau, Dutch consumers reduced fuel consumption by 12 percent between March and July compared to the same period last year, dropping from approximately 90 liters to 80 liters per month. Monthly fuel costs rose by about 10 euros to 150 euros due to elevated prices driven by the war between Iran and the United States, the blockade of the Strait of Hormuz, and higher domestic fuel taxes. ABN AMRO economist Philip Bokeloh stated that oil prices will remain high even if the blockade is lifted, citing damaged regional refineries. Consumers are adapting their behavior through strategies such as driving less, carpooling, working from home, or purchasing more efficient vehicles. Data indicates that residents in major cities like Amsterdam and Rotterdam reduced usage by 14 percent, likely due to better alternative transport options, while those with lower incomes cut consumption slightly more than high-income earners.
Ozetta summarises; the reporting is the newsroom's