Dutch Petrol Prices Soar as Jetten Resists Fuel Tax Cuts

The Netherlands is experiencing a surge in petrol and diesel prices, driven by escalating tensions in the Middle East, particularly the ongoing conflict involving Iran. Despite growing pressure from industry groups and concerns from motorists, Prime Minister Rob Jetten remains hesitant to reduce fuel taxes as a means of alleviating the financial burden on consumers.

Rising Fuel Costs and Geopolitical Factors

As of March 9, 2026, the recommended retail price for a liter of gasoline is approximately €2.39, while diesel has reached a record high of €2.44 per liter [1]. This increase is largely attributed to the conflict in Iran, following attacks by the United States and Israel over a week ago. The price of gas on the Amsterdam exchange jumped 30 percent to approximately €69 per megawatt-hour on Monday, March 9th, mirroring a rise in oil prices above $100 a barrel for the first time since the summer of 2022 [1]. U.S. Oil (West Texas Intermediate – WTI) rose to over $109 a barrel on Sunday [1].

Government Stance on Fuel Taxes

Prime Minister Jetten, speaking to Nieuwsuur, stated he is monitoring the situation but currently sees “no reason” to reduce excise duties on fuel [1], [2]. This position comes despite calls from trade association Drive for “quick” government intervention to prevent refueling from becoming “unaffordable” [2]. The government previously lowered fuel taxes in April 2022 following the Russian invasion of Ukraine, but those reductions were reversed on January 1, 2026.

Concerns Over Supply and Wider Impacts

Jetten emphasized the government’s focus on ensuring the security of fuel supply in the Netherlands [1]. He also warned of potentially far-reaching consequences from the conflict in Iran, including increased instability in the Middle East and potential refugee flows [2]. He indicated that a decision on intervening with fuel taxes will depend on the duration of the war in Iran.

Industry Response

Martin van Eijk, chairman of Drive, representing approximately 1,500 filling station locations, urged the government to intervene swiftly due to the sharp rise in fuel prices caused by unrest in the Middle East [2].

The government does not anticipate an energy crisis similar to that of 2022, but continues to monitor the situation closely.