Middle East conflict will push up petrol prices in Switzerland

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Middle East conflict will push up petrol prices in Switzerland

The conflict launched by Israel and the US against Iran has caused oil prices to rise further today. The situation prompts industry experts in Switzerland to forecast higher petrol prices in the future. Just four days ago, the Touring Club of Switzerland (TCS) quoted an average price of CHF1.74 (about $2.23) per litre for unleaded 95. Today, no such prices can be found on the association’s price comparison tool. However, there are disparities between petrol stations, depending on whether they are affiliated to a brand or whether they are independent. +Get the most important news from Switzerland in your inbox “Fuel and naphtha prices are expected to rise sharply in the coming days,” Avenergy Suisse, the organisation that brings together oil market players in Switzerland, warned today, commenting on the situation on the international market. Maritime traffic in the Strait of Hormuz is almost paralysed following several attacks on merchant ships. Some refineries have also …

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