Fuel prices in Germany have once again risen significantly compared to the previous week. According to a recent analysis by the ADAC, the price of diesel increased by 9.8 cents, reaching an average of 2.168 euros per liter. Meanwhile, the price for Super E10 climbed by 6.3 cents, settling at 2.146 euros.
Diesel prices have once again surpassed the cost of Super E10, a situation last seen in mid-May. This rise is attributed to geopolitical tensions in the Middle East, which have driven up the price of crude oil. Since diesel is largely imported, its price is more heavily influenced by economic and geopolitical factors than gasoline.
The primary cause of these increases is the surge in the Brent crude oil price, which climbed from approximately 85 US dollars to around 91 US dollars per barrel. Although the exchange rate between the euro and the US dollar remained largely unchanged, the ADAC stated that the current fuel prices cannot be justified solely by the movements in oil prices or currency exchange rates. Consequently, the Federal Cartel Office has been instructed to “critically monitor” market conditions and uncover “possible competition issues.”
