Latvian fuel markets show a clear divergence: diesel prices have been falling by 0.025 EUR/L over the past week, while petrol prices (95 and 98) have remained largely stable. This local trend aligns with significant global developments that suggest further downward pressure on fuel costs, particularly for diesel. Globally, crude oil prices are experiencing a notable drop, with WTI down 3.78% and Brent falling below $100 per barrel. This decline is primarily driven by the G7 nations and the EU agreeing to release a substantial 100 million barrels of oil and diesel reserves. This coordinated action, partly influenced by US pressure and a reversal of a potential US diesel export ban threat, aims to curb soaring fuel prices across Europe. Furthermore, market sentiment is also influenced by ongoing talks of a possible US-Iran ceasefire deal, which could potentially increase global oil supply. Given these strong global signals, which typically translate into Latvian retail price changes within 1-2 weeks, drivers should anticipate continued price reductions. The significant release of diesel reserves specifically targets the diesel market, reinforcing the "wait" recommendation for this fuel type. While petrol prices in Latvia are currently stable, the overall downward trend in crude oil suggests that petrol prices are also likely to follow suit in the near future.