Refueling is expected to become even more expensive in the near future.

Global demand for oil is recovering and is likely to return to pre-coronavirus levels next year, the International Energy Agency (IEA) expects.

The organization warns that this means that oil prices will rise further if more oil is not pumped out of the ground soon.

Recently, fuel prices at the pump have risen considerably, also in the Netherlands.

For example, the average national suggested retail price (the average of five major brands) was 1.905 euros for 1 liter of petrol at the beginning of this week.

The price has never been so high.

And although the pump price has fallen very slightly in the meantime, it could rise again to a new record in the future.

In its forecast, the IEA takes into account that due to the relaxation of the corona rules, more and more economies are 'opening', which is driving demand for fuels.

The organization thinks that global consumption will be more than 100 million barrels per day in the second half of next year.

Oil prices have already recovered to their highest point in about two years, after falling sharply during the outbreak of the pandemic in the spring of 2020, to sometimes even below 20 dollars (16.47 euros) per barrel.

Meanwhile, for a barrel of crude oil more than 70 dollars has to be paid.

The new forecast refutes the view of some experts that oil consumption may have peaked as people work more from home and view mobility differently due to the corona outbreak.

The IEA therefore advises oil cartel OPEC and allies such as Russia to increase their oil production again.

The price of 1 liter of petrol, diesel or LPG depends to a large extent on developments in the global oil markets. If oil becomes more expensive, prices at the pump will also go up over time. Although other factors are also important, such as how much discount a gas station gives and the amount of taxes.