Diesel prices double since pre-tax cut, IEA warns no near-term relief

Diesel prices in Norway have climbed to about 13 kr per litre, representing a two-fold increase since the fuel-tax cut introduced in March. The International Energy Agency’s September oil market report indicates that existing oil-stock buffers are largely exhausted and that a return to normal market conditions may not occur until 2027, with sustained price pressure harming the global economy. Høyre’s internal communication references the agency’s March warning to defend the earlier tax cut but does not mention the latest IEA concerns.

Party deputy leader Henrik Asheim says the emergency measures were appropriate at the time but now permanent solutions are required. Energy analyst Per Magnus Nysveen of Rystad Energy notes that recent attacks on pipelines and the Hormuz Strait have further tightened supply, pushing diesel prices higher. The party maintains that everyday life should not be treated as a crisis despite the worsening fuel market.