Sweden diesel prices could exceed 30 SEK per liter

Energy economist Claes Hemberg warns that diesel prices in Sweden could surpass 30 SEK per liter before the end of the year, potentially breaking the previous record of 28.67 SEK set during the 2022 energy crisis.

Several factors are contributing to this projected increase. A temporary reduction in the carbon tax is set to expire on December 1, which could raise prices by approximately three SEK per liter including VAT. Additionally, a shortage of diesel in Europe, specifically noted in Italy, and a weakened Swedish krona are expected to drive costs higher.

Political tensions have also emerged regarding fuel costs. The expiration of temporary tax cuts on October 1 and December 1 has led to debates between political parties, with some seeking to extend lower rates to prevent price shocks.