Diesel prices in Germany hit new record high

Fuel prices for diesel and Super E10 in Germany have risen further. According to the ADAC, the average diesel price yesterday was 2.425 euros per litre, surpassing the previous record by more than 10 cents. Significant increases were also made today, on Easter Sunday.

Düsseldorf. Despite a federal government regulation limiting petrol price increases at pumps to once daily at noon since April 1, fuel prices continue to rise. The measure follows the Austrian model.

The ADAC reported that drivers paid an average of 2.425 euros per litre of diesel yesterday, exceeding the previous record by more than 10 cents. Super E10 cost 2.184 euros per litre on Saturday, a new yearly high and just 1.9 cents shy of the 2022 peak.

On this Easter Sunday, oil companies used the single daily adjustment slot: Super E10 rose by 7.1 cents to 2.239 euros per litre, and diesel by 7.3 cents to 2.488 euros. Prices are now higher than yesterday at the same time, with daily averages likely to increase further.

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Illustration of rising fuel prices at a German gas station amid Iran war escalation, showing shocked drivers and political calls for intervention.
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Oil prices rise up to 14 percent due to Iran war

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The escalation of the Iran war is driving up oil prices and causing noticeable increases at German gas stations. Diesel now costs an average of 2.04 euros per liter, gasoline 1.94 euros. Politicians are calling for government interventions against rising fuel costs.

Despite the fuel tax discount, prices in Germany have risen again after an initial drop. ADAC and the Federal Cartel Office criticize that the 17-cent-per-liter tax cut is not fully passed on to consumers. Oil companies and associations dispute this.

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Fuel prices in France have surged following Israeli-American strikes on Iran, reaching one-year highs. The government is closely monitoring the situation and has summoned distributors to verify price adjustments. TotalEnergies maintains a cap at 1.99 euros per liter in several stations.

Building on a cartel investigation into price surges, the German government plans to limit gas stations to one daily gasoline and diesel price increase, following Austria's model, while also releasing national oil reserves to ease costs driven by the Iran war.

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Petrol prices in South Africa will increase by 14% and diesel by nearly 24% from Wednesday, 6 May, due to the ongoing Iran war. The Department of Mineral Resources and Petroleum (DMPR) announced the hikes amid rising global Brent crude prices. Temporary fuel levy reductions offer some relief.

Chile's National Petroleum Company (Enap) released its weekly price report, showing rises in gasoline and diesel prices from Thursday, April 16. 93-octane gasoline will increase by $20.2 per liter and 97-octane by $22.3, while diesel rises $36.4. The Mepco mechanism cushioned the hike, according to the undersecretary of Finance.

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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.

 

 

 

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