Fuel Prices Stabilize at High Levels in Germany

Fuel prices in Germany have stabilized at elevated levels following a significant increase over the past week. On Sunday, the national average price for a liter of Super E10 gasoline reached 2.161 euros, marking a 6.6-cent rise compared to the previous week. Diesel prices saw an even steeper increase, climbing 8.1 cents to an average of 2.243 euros per liter.

While daily average prices showed minimal movement from Friday onwards, early Monday figures indicated a slight upward trend or stagnation. Super E10 was up by 0.4 cents by 8:00 AM, but by 11:00 AM, its price remained unchanged from the previous day. Diesel saw a smaller increase of 0.5 cents by 11:00 AM, after rising 0.9 cents earlier in the morning.

The German Automobile Club (ADAC) attributes the substantial weekly price increase primarily to higher crude oil prices. The strengthening euro has had a moderating effect, but logistical challenges stemming from low water levels on the Rhine River are also contributing to increased fuel costs in certain regions. Super E10 is now only 4.2 cents away from its all-time high in March 2022.