Merz declares fuel supply secure amid energy crisis

Chancellor Friedrich Merz declared the supply of diesel, petrol, and kerosene secure at the Hannover Messe opening, despite the energy crisis triggered by the Iran war. He announced a forthcoming national security council meeting. Economy Minister Katherina Reiche is inviting industry representatives for talks.

At the Hannover Messe opening on Saturday, Chancellor Friedrich Merz (CDU) described Germany's fuel supply as stable. "For the moment: The market situation is tense, but supply in Germany is secure," Merz said. He announced that "very soon in Berlin, a session of the national security council" would be convened if the situation worsens.

Economy Minister Katherina Reiche (CDU) invited representatives from suppliers, airports, airlines, and associations for Monday talks on kerosene supply. IEA head Fatih Birol recently warned of jet fuel shortages in Europe from May, and Finance Minister Lars Klingbeil (SPD) took these warnings seriously.

Merz met Brazilian President Luiz Inácio Lula da Silva before the opening, with Brazil as the fair's guest country. Both emphasized closer economic ties and the EU-Mercosur agreement, provisionally entering force on May 1. Lula highlighted biofuels, which make Brazil less affected by the Iran war.

Merz advocated for Germany's appeal as an investment location despite high energy prices, taxes, and bureaucracy. Amid weak orders and pressure from China, industry is focusing on AI and robotics, as fair director Jochen Köckler noted. Over 3000 exhibitors expect more than 100,000 visitors.

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German Economics Minister Katherina Reiche and Finance Minister Lars Klingbeil at press conference announcing fuel price cartel probe amid Iran war surges.
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Economics minister examines fuel prices for cartel violations

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Fuel prices in Germany have risen sharply due to the Iran war. Federal Economics Minister Katherina Reiche has announced a cartel law investigation into the price surges. Finance Minister Lars Klingbeil warns oil companies of consequences if they exploit the situation.

Top representatives of Germany's black-red coalition from CDU, CSU and SPD concluded their two-day talks on energy prices and social-tax reforms late Sunday night at Villa Borsig near Berlin. No results were disclosed immediately. It remains unclear if announcements will follow on Monday.

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Federal Economics Minister Katherina Reiche (CDU) has rejected demands for an excess profits tax to address high fuel prices. She called measures like fuel vouchers misleading and proposed raising the commuter allowance instead. The price surges stem from the Iran war.

The leaders of CDU/CSU and SPD held a three-and-a-half-hour coalition committee meeting on budget, climate protection, and other topics, without making concrete decisions. The session at the Chancellery took place confidentially, skipping the usual press conference. Progress was reported on the climate protection program, while issues like fuel prices had already been addressed by the cabinet.

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Germany's federal government is struggling with a new package to address high fuel prices. The first set of measures had no effect, and petrol and diesel prices rose further. A new law could follow next week.

With the Austria-model daily price cap now in place, record diesel prices spark fresh calls for relief. Consumer Protection Minister Stefanie Hubig (SPD) supports Vice-Chancellor Lars Klingbeil's flexible cap idea, while Greens and economists push speed limits.

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Egypt's Prime Minister Mostafa Madbouly chaired a high-level meeting on Sunday to assess the energy sector's readiness amid escalating regional military tensions, while ministries intensify coordination to mitigate the impact of airspace closures on Egyptian exports, particularly perishable agricultural produce.

 

 

 

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