Ankara: Norway on Monday recorded a new high in diesel prices with over 30 kroner ($3), while an expert warned that the peak is still ahead.

According to Anadolu Agency, "We have never registered higher fuel prices in the Fuel App. Today, for the first time, we have seen pump prices above 30 kroner per liter," general manager of Norway's Fuel App (Drivstoffappen) Syver Orhagen told NRK. Orhagen also warned that the peak for diesel prices has not yet been reached, suggesting that the prices could climb above 35 kroner ($3.61).

Ole Hvalbye, an oil analyst, explained that despite a sharp fall in oil prices, this does not directly affect product prices such as diesel. He noted that the fluctuations in oil prices within a single day are "highly unusual" and typically seen on an annual basis rather than daily.

Hvalbye emphasized the nervousness in the oil market and suggested that it might take time before prices normalize. "You absolutely need to see some form of normalization of shipping traffic, especially commercial shipping traffic, through the Strait of Hormuz with oil and gas exports for prices to fall back properly," he further told NRK.