News

Petrol prices in Denmark reach nine-year high

Gassing up hasn’t been as expensive since 2012 and there is nothing to indicate that the tide will turn anytime soon

Earlier this week, petrol prices across the country were at 13.89 kroner per litre, according to figures from fuelfinder.dk.

That number was just 0.08 kroner short of the record price of 13.97 kroner seen back in September 2012.

“We are on par with the highest level we’ve ever seen,” Peter Rasmussen, the head of fuel for Circle K petrol stations, told TV2 News.

READ ALSO: Low-wind year sends electricity prices skyrocketing

Oil at the crux of it
The hike in prices is down to the immense global demand … and price … of oil at the moment.

For instance, the North Sea oil used for Danish petrol is at a three-year high of 82.56 kroner per barrel at the moment. 

And that doesn’t look set to change anytime soon.

“There are a lot of strings pulling in the direction of higher oil prices in the coming time, but in general demand is much greater than supply,” Søren Kristensen, the head economist at Sydbank, told TV2 News.

The situation is related to the higher electricity prices that Danish consumers will see in the near future, brought on by a low-wind year and high natural gas prices.

TOP STORIES

  • The international who shaped Copenhagen

    The international who shaped Copenhagen

    Anna Maria Indrio is one of the most important architects in Denmark, having contributed to shaping Copenhagen into what it is today. Among her best-known projects are the extension of SMK and Arken, as well as the Natural History Museum and the Darwin Centre in London. She moved here 60 years ago, when “Copenhagen was gray and dormant. Predictions suggested it would become depopulated. But putting people at the center changed everything,” she said

  • Danish government passes amendment to increase citizenship fee by 50%

    Danish government passes amendment to increase citizenship fee by 50%

    Fees were raised to reflect processing costs and curb repeat applications, creating debate over whether the new charges erect barriers to political participation for internationals.

  • Internationals’ labour contributes 361 billion DKK to Denmark’s GDP, and it is growing strongly every year

    Internationals’ labour contributes 361 billion DKK to Denmark’s GDP, and it is growing strongly every year

    According to a report by the Danish Chamber of Commerce, internationals’ contribution is 12% of the country’s GDP. In 2023, it was 322 billion DKK, and in 2008, it was 136 billion DKK. “Internationals make a gigantic difference in our prosperity and welfare,” comments Morten Langager, the Director of Dansk Erhverv.

  • Inside Denmark’s innovation engine

    Inside Denmark’s innovation engine

    With half of its staff being international, the BioInnovation Institute reflects Denmark’s broader transformation into a global innovation hub. But can the country—and Europe—keep up the pace? “If reforms are made now, we can close the gap in ten years,” explains BII’s CEO

  • Denmark launches massive investment in the navy

    Denmark launches massive investment in the navy

    Two months ago, the Danish PM announced that military equipment should be purchased in a hurry. The first plans for the sea are now ready. Additional plans for warships will follow this summer.

  • International designers struggle to find jobs in Denmark

    International designers struggle to find jobs in Denmark

    Many internationals come to Denmark to work as designers, but the field appears to be one of the hardest to break into. The Copenhagen Post spoke with two internationals struggling to find their way into the industry.

Connect club

Connect Club is your gateway to a vibrant programme of events and an international community in Denmark.

Sign up here

Career

Want to advertise your job with CPH Post?

Contact us

Jobs