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Europe’s oil bill: EU pays €10bn more per month than in 2025

Euronews Business takes a closer look at how Europe’s petroleum oil import bill has risen amid tensions in the Middle East - and experts do not expect costs to fall in the near future.

  • EU's oil import bill rises by €10 billion per month in 2026
  • Brent crude price 49.5% higher in 2026 than 2025
  • Diesel prices in Europe increase 38% from start of 2026

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