Fuel prices in Latvia drop below 2 euros per litre for the first time in a while

Fuel prices in Latvia have fallen below the 2-euro-per-litre mark again after a long period, according to the car portal iAuto.lv. The report says this applies at least to the previous day and at least to the Neste filling station network. The development matters to drivers, since fuel costs directly affect everyday driving expenses.

Current prices

According to the portal, on 14 November 2026 diesel cost 1.944 euros per litre and 95-grade petrol 1.719 euros. Crude oil was priced at 88.5 US dollars per barrel at the time.

For comparison, on 1 March 2026 both diesel and 95 petrol cost 1.537 euros per litre. The portal also notes that on 28 February Israel launched a war against Iran with air strikes.

Excise tax cuts on diesel

Tax changes have also affected diesel prices. From 1 April to 31 December 2026, the excise duty on diesel has been temporarily reduced by 15.2 percent, or 7.1 cents per litre, from 467 to 396 euros per 1,000 litres.

From 1 October, the duty was cut by a further 16.7 percent, to the minimum level permitted in the European Union, from 396 to 330 euros per 1,000 litres. In total, this year's reduction in diesel excise duty is 137 euros per 1,000 litres, or 13.7 cents per litre. Once value-added tax (VAT) is included, that amounts to a saving of 16.6 cents per litre for the driver.

iAuto.lv invites readers to share fuel prices in their area or country in the comments, including the date.