Fuel prices continue to rise: New record in Germany
Refueling has been getting more expensive for months, and new records are being reported regularly. Now the fuel prices have made another strong leap upwards.
According to ADAC, diesel cost an average of 2.150 euros on Tuesday, 12 cents more than the day before. For a liter of Super E10, drivers had to pay an average of 2.103 euros at German petrol stations, almost ten cents more than the day before.
As the ADAC announced on Wednesday in Munich, diesel became 39.4 cents more expensive in just one week. Drivers in Germany had to pay 27.6 cents more for the Super E10.
Oil prices are the main drivers of price increases
The main drivers of the rise at the pump so far are oil prices, which have soared in the wake of the war in Ukraine and sanctions against Russia. The strong dollar amplifies the effect as oil is traded in dollars and German buyers pay in euros. Added to this is the unusually strong demand for heating oil.
Even before the Russian war against Ukraine, fuel prices in Germany had risen to record highs. The increase over the year is huge: in March last year, diesel cost 1.315 euros per liter and Super E10 1.454 euros.
The development is also driving the debate about relief. ADAC Transport President Gerhard Hillebrand demanded: “In the short term, the federal government should examine a temporary reduction in VAT on fuel and heating oil. This could have an immediate effect and achieve broad relief.”
