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The next move is Putin: Petrol prices can rise to 20 kroner per liter | Money | DR Response to EU oil embargo determines whether petrol prices rise even more, says expert. Of 14 kroner, the price of a liter of unleaded petrol when the war began. Today, the price is close to 18 kroner a liter. Since the Russian invasion of Ukraine began in end of February, the direction of prices for gasoline and diesel has only had one path: Up.And the magic limit of 20 kroner per liter may be within reach, it sounds from an expert.- We are quietly approaching an extreme situation, is the assessment from Jan Bylov, oil strategist at Jyske Bank. - And I also think that you can feel it when you have to have petrol or diesel in the petrol tank. It's expensive enough, he says. Yesterday,'s leaders at a summit in Brussels agreed to "immediately" ban more than two-thirds of oil from Russia. It is oil that we in Europe use to heat our houses, run our factories or make petrol and diesel for our cars. The sanctions tighten the grip on the Russian economy, but they can also be felt in kroner and øre for Denmark. The embargo hits an oil market that is already under pressure, says Jan Bylov. - Stocks are already low, and right now the relationship between production and demand is only directly related. This means that there will be increased upward pressure on the oil price, he says. However, he believes that the market has included the new ones that were waiting, in the current price. So there will be no price explosion here and now. On the other hand, the world's oil traders and analysts are keeping their eyes fixed on Russian President Putin. - Now we are waiting for how will Putin and the Kremlin react? What will be their response? Because if Putin shuts down natural gas supplies to Europe further, it will hit the European economy hard. the oil price in the short term jumps up to 140-170 dollars per barrel, and then the petrol price goes through the ceiling of 20 kroner per liter, says Jan Bylov. How likely is it? - To answer that, it is just before we have to make a psychological profile analysis of Putin, answers the oil strategist.- What we have learned is that he is trained in the old KGB intelligence service, where he sees everything that goes on around him as a game. In that game, there is one and one counter-reaction - in a perpetual circle, he says. Photo: Corona and war have also been read on the stands at the petrol tanks here at home. , Putin has two choices: withdraw because the costs become too great, or increase efforts even more.- We must therefore be prepared for the fact that there is a realistic probability that Putin will respond again in some form. And the biggest trump card he has in relation to the European economy is to turn down the gas. Because it hits our economies much harder than what we ourselves have done, says Jan Bylov. Can we look forward to a summer with high energy prices? - Yes, we can easily do that. It is the energy system that needs to be changed. Western leaders have said we will not trade with Russia. That's how it will be. So we have to find other places to get our oil from, and Russia has to find other buyers probably in China and India, he explains. Pump your tires Drive with the correct, high tire pressure. It reduces rolling resistance in the tires. Drive in the right gearShift into gear at the right time and avoid driving in too low a gear. Lightly step on the accelerator. Think ahead and drive smoothly. Keep an eye on and adjust your driving according to the traffic, so you avoid unnecessary braking Monitor your fuel consumption Check the car's data on your fuel consumption regularly. Attention alone will make you drive more economically. Source: The key to lower fuel prices for Westerners could be that other oil-producing countries turn up their production. But so far, the Organization of the Petroleum Exporting Countries (OPEC), which includes Saudi Arabia, the United Arab Emirates and Kuwait, cannot live up to its own production targets after they went down during the corona pandemic, the expert says. , that they will increase production every month, but they can not deliver the goods. It seems that it has had a price to cut so hard for production under the corona. They can not turn up again so quickly, says Jan Bylov from Jyske Bank. But the high prices of oil and petrol can also have consequences for the rest of the economy, says chief analyst Jakob Ekholdt Christensen from Danske Bank. - It will be more expensive for Danes to fill their car up with gasoline. And it could affect consumption in Denmark if Danes start to hold back on buying other goods, he says. - At the same time, there may also be the contagion that the European Central Bank may be forced to raise interest rates more than one reckons with. It can also settle in the Danish housing rents. If they increase, it will also affect many Danes' finances, as they may have to pay more for their loans, Jakob Ekholdt Christensen explains.