Fuel prices in Germany have fallen slightly again after peaking. A liter of Super E10 costs an average of 2,155 euros a day, while diesel costs 2,419, according to an overview from the automobile club ADAC emerges. At the beginning of the week they reached Fuel prices the highest level of the year, diesel even rose to an all-time high. Despite the slight decline, prices remain at a very high level.
The President of the Federal Cartel Office, Andreas Mundtcalled for rapid price declines in light of the US-Iran ceasefire. “Falling crude oil prices are a clear signal and they should also be reflected promptly at the pump,” Mundt told dem Handelsblatt. In other countries there are sometimes contractual or regulatory regulations that delay price adjustments more.
Prices fell after the ceasefire was announced
In Germany the fuel prices are down Beginning of the Iran War increased sharply. Since April 1st, gas stations have only been allowed to raise fuel prices once a day. Since then, prices for gasoline and diesel have continued to rise sharply. Whether this regulation has a price-dampening effect can only be assessed later, said Mundt. It is important that the new rule ends extreme fluctuations and multiple changes within the day. The head of the authority defends himself against accusations of acting too timidly against high fuel prices. The Federal Cartel Office is not a price regulating authority and the office cannot prevent geopolitical effects.
After the announcement of the Truce Crude oil prices fell. According to the ADAC, the lower oil prices must be “passed on to consumers quickly”. The Federal Cartel Office
However, it recently discovered that falling costs on the world market are only slowly reaching end consumers. The CDU/CSU also called on the Federal Cartel Office to consistently examine pricing at gas stations.