Current data shows a clear downward trend in Latvian fuel prices over the past 7 days, with diesel falling by 0.048 EUR/L and both petrol types by 0.029 EUR/L. This follows a broader trend where the average fuel price in Latvia decreased by 4.7% in May. Despite one recent headline suggesting rising prices in Riga, the numerical data indicates a consistent decline. Furthermore, there are ongoing discussions and plans to curb fuel prices in Latvia, which could introduce additional downward pressure or at least prevent significant increases. The global crude oil market has shown volatility recently. After a brief surge on June 3rd due to escalating US-Iran tensions, Brent and WTI crude prices experienced a significant drop of over 2-4% on June 4th as hopes for peace returned and reports indicated a de-escalation of conflict. By June 5th, prices were holding at lower levels, with WTI under $92 and Brent testing $94. This recent global price drop, typically influencing Latvian retail prices within 1-2 weeks, suggests that the current downward trend in Latvia has further momentum. Given the consistent local price decline over the past week and the preceding month, combined with the recent significant drop in global crude oil prices, it is advisable for drivers in Latvia to wait before filling up. The global market signals indicate that current falling prices are likely to continue or stabilize at a lower point in the near future.