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.

The ADAC has accepted higher fuel prices for climate protection, angering some of its 22 million members. Traffic president Gerhard Hillenbrand praised CO₂ pricing as the right tool to promote the switch to electric vehicles. This comes ahead of the CO₂ price increase starting in January.

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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.

South African petrol prices will rise by R3.06 per litre to R23.25 inland from midnight on 1 April, while diesel reaches a record R26.11 per litre after a R7.51 increase. The hike stems from global oil prices exceeding $100 per barrel amid the Iran war and a weakened rand. A temporary R3 per litre reduction in the fuel levy cushions the impact.

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Brazil's average diesel price to distributors climbed 40% in early March to R$ 5.36 per liter following intensified US and Israeli attacks on Iran, per ANP data. Pump prices rose 20% by late March. Building on the March 12 federal tax exemption, the Lula administration is pressuring fuel stakeholders to limit consumer pass-throughs and fast-tracking a diesel subsidy ahead of October elections.

Due to the war in the Middle East, diesel prices in the Philippines are expected to exceed P100 per liter, prompting public utility vehicle drivers to consider other jobs. Jeepney and tricycle drivers like Renie Rabago and Omeng Elardo struggle with rising fuel costs while their earnings remain low. The government offers a one-time P5,000 subsidy to assist them, though some say it is insufficient.

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Motorists can expect fuel prices to increase next week amid geopolitical issues that may disrupt supply. Jetti Petroleum Inc. president Leo Bellas said gasoline prices are expected to be steady or increase by P0.10 per liter, while diesel prices are likely to go up by P0.30 to P0.50 per liter. The Department of Energy said kerosene prices are also expected to rise by P0.10 per liter.

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