The price development of crude oil generally has a strong influence on industrial selling prices. In February, a barrel of crude North Sea Brent oil cost almost 72 euros, almost 5 percent less than a year earlier. In January, a barrel of crude North Sea Brent cost over 75 euros. That was almost 4 percent more than a year earlier.

Products of the petroleum industry were 8.0 percent cheaper in February than in February 2024. In January 2024, prices were 4.0 percent lower than a year earlier. In the chemical industry, selling prices are also generally linked to the oil price. Selling prices in the chemical industry were 2.1 percent higher in February than a year earlier. In January, prices were 2.5 percent higher year on year.

The selling prices of the industry increased by 0.3 percent in February compared to January. Prices on the foreign market rose by 0.1 percent, and prices on the domestic market by 0.6 percent.