Switzerland Fuel Prices Drop Slightly as Oil Market Eases

Fuel prices in Switzerland have fallen slightly in recent days, offering limited relief to motorists after months of elevated energy costs.

According to the Touring Club Switzerland (TCS), the average national fuel prices during the week stood at CHF1.89 per litre for unleaded 95 petrol, CHF2.00 for unleaded 98, and CHF2.14 for diesel.

Compared with the end of April, petrol prices have dropped by CHF0.01, while diesel prices declined by CHF0.03 per litre. Despite the decrease, fuel remains significantly more expensive than before the escalation of tensions in the Middle East earlier this year.

Before the regional conflict intensified, fuel prices at the end of February averaged CHF1.

67 for unleaded 95, CHF1.78 for unleaded 98, and CHF1.79 for diesel. Current prices therefore remain roughly 13% higher for petrol and more than 20% higher for diesel.

The TCS says stronger industrial demand has contributed to the sharper increase in diesel prices compared with petrol.

Global oil prices have also eased slightly. A barrel of Brent crude traded at just under $108 this week, down around $10 from late April levels.

Oil markets had surged earlier after concerns over conflict in the Middle East and fears surrounding possible disruptions to the strategically important Strait of Hormuz shipping route.

The TCS noted that actual fuel prices can vary across Swiss regions and petrol stations, as its published figures are based on estimates and market sampling.

Although prices have softened slightly, Swiss consumers continue to face elevated transport and energy costs compared to earlier in the year.