Gas prices up again for first time since 2022: Which countries are paying more?

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Gas prices up again for first time since 2022: Which countries are paying more?  Prices are now the highest on record but this time tax hikes are to blame.  READ MORE : http://www.euronews.com/2025/05/12/gas-prices-up-again-for-first-time-since-2022-which-countries-are-paying-more  Subscribe to our channel. Euronews is available on Dailymotion in 12 languages

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00:00Gas prices in the EU have gone up again, why is that?

00:08Gas prices have reached a new peak.

00:12In the second half of 2024, they surged to an average of over 12 euros per 100 kilowatts,

00:19the highest price on record and a nearly 12% increase from the same period last year.

00:26It's the first time that gas prices are rising following the 2022 energy crisis

00:33sparked by Russia's full-scale invasion of Ukraine.

00:38Eurostat says the spike is mostly driven by tax hikes following the rollback of earlier alleviation measures.

00:47Looking across both EU and extra-EU countries, there's a significant disparity in gas prices.

00:53Sweden, for example, faces the highest one, while Georgia, Turkey, Hungary, Croatia, Serbia, Bosnia-Herzegovina and Romania are paying the least.

01:05None of these countries, except for Croatia and Romania, which boosted domestic gas production, have cut Russian gas supplies.

01:14If adjusted, however, to local purchasing power, figures tell a slightly different story.

01:22Portugal and Italy are paying the highest gas price, followed by Sweden.

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