Diesel prices at European filling stations have dropped to levels not seen since before the outbreak of the Iran conflict, driven by a sharp retreat in global oil benchmarks.
The decline follows renewed diplomatic engagement between the United States and Iran, which has significantly lowered market fears of supply disruptions in the Strait of Hormuz.
Crude oil prices softened as traders digested the preliminary peace agreement, removing the geopolitical risk premium that had inflated energy costs for months.
This transmission from wholesale to retail markets is most visible in diesel, where prices have fallen more sharply than in gasoline due to the commodity's tighter supply dynamics during the crisis.
However, the respite for consumers and logistics operators may be short-lived.
A temporary tax reduction on fuel, introduced to cushion the impact of the earlier price spike, is set to expire in the coming weeks.