Diesel prices in Germany have broken their previous peak and reached a new high. On Thursday, the average daily price per liter was 2.346 euros, according to the German Automobile Club (ADAC).
“On April 2, the average price per liter of diesel nationwide was 2.346 euros. This surpassed the previous record high set in March 2022 by 2.5 cents. Super E10 gasoline also continued to rise, reaching an annual high of 2.14 euros per liter“, the ADAC said in a statement.
The club believes that these high prices are only partly explained by the rise in oil prices between April 1 and 2. “The transition to the so-called "The Austrian model has actually accelerated the price increase rather than curbing it," said an ADAC spokeswoman. "Since then, prices have remained fixed at excessively high levels," she said.
From Wednesday, petrol stations can only raise fuel prices once a day - at 12:00 p.m. This measure is based on the example of Austria, where similar regulations have been in place for a long time. On Wednesday and Thursday, the new regulation caused prices at petrol stations to rise sharply, and the same thing happened on Friday: according to the ADAC, the average price of a liter of Super E10 petrol at 11:45 a.m. was €2.127. By 12:15 p.m., the price of a liter of this fuel had jumped to €2.222 on average. The price of diesel fuel increased by an average of 11.7 cents - from EUR 2,349 per liter to EUR 2,466.
In these circumstances, ADAC calls for the intervention of the Federal Antimonopoly Service and state agencies.
One of the key factors driving the price increase, as ADAC notes, remains the situation in the Middle East, including the risks to oil supplies through the Strait of Hormuz, which previously led to a rise in global raw material prices.