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Rising energy prices impact people's daily life in Belgium

China

China

China

Rising energy prices impact people's daily life in Belgium

2026-09-10 19:14 Last Updated At:20:17

Rising energy prices have raised people's daily expenses in Belgium as factors such as the Middle East situation and the international energy supply chain affect the energy market, according to local media analyses.

The price increase has put pressure on people's daily transportation, with rising gasoline and diesel prices leading some consumers to consider purchasing electric vehicles (EV).

However, an EV may not be a cheaper choice. Market statistics show that the average price of public fast chargers in Belgium is approximately 0.72 euros per kilowatt-hour in August. Considering that an EV consumes 18 kilowatt-hours per 100 kilometers, it would cost about 13 euros to travel 100 kilometers.

In contrast, home chargers are usually cheaper, so if one mainly relies on public fast chargers, the energy cost savings may not be as significant as expected.

Meanwhile, the pressure faced by traditional fuel vehicle owners has become even more pronounced. In late August, the maximum retail price of 95-octane gasoline in Belgium approached 2 euros per liter, and diesel exceeded 2.30 euros per liter. In September, fuel prices rose again.

"The most impact that I have is on the price of the diesel because I use my car a lot, so the price is increased. For example, my budget was 200 euros a month for my car. Now it's doubled, so it's going around 400," said a resident.

The impact of rising energy prices on consumers is expanding to multiple areas.

In Wallonia, one of Belgium's three regions, the current fixed price for electricity has risen by an average of 15 percent compared to July, and the fixed price for natural gas has increased by 26 percent. For a family, such changes in electricity and gas prices mean an annual increase of approximately 610 euros in expenditure.

"A few years back, we had a little house and we paid 150 euros per month for gas and electricity. Now we pay 300 or 400 per month," said another resident.

Rising energy prices impact people's daily life in Belgium

Rising energy prices impact people's daily life in Belgium

China's top financial regulator said Thursday it will roll out a combination of measures to foster a healthier industry ecosystem, pledging to root out practices such as price wars and irregular rebate schemes.

Cong Lin, deputy head of the National Financial Regulatory Administration, made the remarks at a press conference in Beijing held by the State Council Information Office.

"The administration will guide financial institutions to develop a proper understanding of what it means to perform well, operate soundly and manage risk effectively, correcting their misguided views about achievements and obsession with scale. The goal is to shift the industry away from a relentless pursuit of speed and size toward a focus on quality and efficiency, while steadily sharpening its core competitiveness. We will also crack down on practices such as price wars, irregular commission rebates, and high-interest with high-rebate schemes," Cong said.

Authorities will take a tougher stance against disorderly competition among financial institutions, such as aggressive marketing and promotional strategies to attract customers.

"We will also crack down on practices such as price wars, irregular commission rebates, and high-interest with high-rebate schemes," said the official.

China's financial regulator vows to crack down on disorderly price wars

China's financial regulator vows to crack down on disorderly price wars

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