Fuel station workers fear winter price surge; companies do not confirm it

In Latvia, where diesel still costs more than 2 euros per litre at most filling stations, concerns have emerged about further price increases. The editorial team of the news portal LA.LV received unofficial information from employees of two different fuel stations saying that fuel will become considerably more expensive as winter begins. One source mentioned a price approaching 3 euros per litre. The major retailers do not confirm such a forecast.

Excise tax reduction

Since 1 October 2026, a reduced excise duty (a state tax included in the fuel price) has applied to both diesel and petrol in Latvia. The Saeima, Latvia's parliament, adopted the amendments on 24 September to ease the impact of high prices on residents and businesses. The changes remain in force until 31 December.

The diesel rate was cut from 396 to 330 euros per 1,000 litres, while unleaded petrol has a temporary rate of 490 euros per 1,000 litres. Marked diesel used in agriculture keeps its rate of 21 euros per 1,000 litres. According to the bill's authors, if the reduction is fully passed on, the retail fuel price could fall by about eight cents per litre. That could also lower costs for transport, logistics, construction and manufacturing companies.

Company comments

Arnita Hilmane, communications manager at fuel retailer Virši-A, says current market analytics do not point to a significant further rise in fuel prices. At the same time, fuel prices on the exchange fluctuate, influenced by the geopolitical situation and supply conditions. She notes that the reduced excise rates apply until the end of the year. If the rules are not changed, from 1 January 2027 the effect of the tax changes would be 8 cents per litre on petrol and 16.5 cents per litre on diesel.

Representatives of the retailers Neste and Circle K were more cautious. They said several volatile factors affect prices, so it is impossible to say whether the price could reach 3 euros per litre.