Drivers are paying more at the pump as a global refining crisis drives up fuel prices
The TCS says the average price of diesel has climbed to CHF 2.24 per litre, up from CHF 1.78 in January — a rise of roughly 26 percent in eight months.
Strikes on oil infrastructure in Russia, Ukraine and the Middle East have knocked out around a tenth of the world's refining capacity, according to ExxonMobil.
Record profits are flowing to Swiss commodities traders — Glencore, Mercuria, Centalion, Trafigura and Vitol — many of whom hold stakes in refineries from Cressier to Rotterdam.
Analysts warn prices could stay elevated as further maintenance work takes refineries offline this quarter.
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