Vujcic specifically warned that diesel prices will stay elevated and feed into broader inflation. He attributed these higher for longer energy risks to the ongoing war in the Middle East, which he said is keeping energy prices elevated across the region.
Tuesday, October 20, 2026
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ECB Vujcic Warns Refined Energy Prices Will Drive Inflation
Commodities25 days ago
The cost of processed energy products could remain high for an extended period even if crude oil prices drop, European Central Bank Vice President Boris Vujcic said. He noted that refined fuels may not experience the same price reductions as crude, creating a divergence that sustains upward pressure on energy costs.
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