Fuel prices on the rise in Germany: Petrol breaks record, diesel nears limit
As soaring fuel costs in Germany reach historic levels, new debates have flared up within the government regarding tax policies.
In Germany, the price of Super E10 petrol reached 2,30 euros per litre, hitting an all-time high, while diesel prices also approached their record level from April. The increases have sparked political debates in Berlin.
Historic Surge in Petrol and Diesel
According to data from the German Automobile Club, the average price of Super E10 petrol rose to 2,30 euros, setting a new record.
The price of diesel climbed to 2,422 euros, coming very close to its historic record level from April.
Impact of Global Developments
Drone attacks on a pipeline in Saudi Arabia and geopolitical tensions in the Persian Gulf are affecting the markets.
These global uncertainties are putting direct upward pressure on pump prices in Germany.
Tax Disagreements Within the Government
While Chancellor Friedrich Merz announced that they are working on tax cuts to relieve consumers, he rejected an excess profits tax.
The Social Democratic Party, one of the government coalition partners, continues to insist on an excess profits tax targeting oil companies.