Latvian fuel market shows a clear divergence: diesel prices are experiencing a significant upward trend, while petrol prices remain stable. Diesel has risen by 0.090 EUR/L over the past 7 days, and reports indicate a quarter-month increase, reaching a maximum today. This strong local momentum suggests that current prices are not a temporary peak but part of a sustained rise. Globally, crude oil markets have been highly volatile. On April 8th, Brent and WTI crude prices plunged by over 15% on hopes of a US-Iran ceasefire and the potential reopening of the Strait of Hormuz. However, this downward pressure was short-lived. By April 9th, crude prices rebounded as uncertainty surrounding the ceasefire grew, with Iran accusing the U.S. of breaching the deal. This geopolitical instability is counteracting any immediate price relief. While Goldman Sachs has cut its Q2 2026 oil price forecasts, suggesting potential future moderation, the immediate market reaction shows a rebound due to geopolitical tensions. For Latvian drivers, this means the strong local upward trend for diesel is likely to continue in the short term, making today a better time to fill up. Petrol prices, however, have shown remarkable stability locally, indicating that global volatility has not yet translated into significant retail price changes for gasoline in Latvia, thus timing is less critical.