In Estonia, fuel prices are likely to rise in the latter half of the week as global oil prices have seen a significant increase due to the ongoing conflict in Iran. Tarmo Kärsna, a board member of the fuel company Alexela, indicated that this increase could soon be reflected at gas stations across Estonia, although it has not yet fully mirrored the recent changes in world markets.

According to Alan Vaht, also a member of the board of a major terminal, the fluctuations in fuel prices have been notable lately. While there was a price increase of about 3 to 5 cents compared to the previous week, within a short period, prices were observed to have dropped by 5 cents, indicating volatility in the market. Vaht emphasizes that, although some adjustments have occurred, the extent has not matched the spikes seen in prior weeks.

With the global market continuing to see fluctuations, both Kärsna and Vaht suggest that if oil prices maintain or increase their current levels, Estonians should expect a more significant hike in fuel prices later this week. This situation illustrates how international events can impact local markets, causing a ripple effect that affects consumers at the pump directly.