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Diesel prices may hit 3 euros in Germany
Germany is facing a new surge in fuel prices due to the global rise in oil prices, with Brent crude surpassing $107 per barrel amid tensions in the Middle East and fears of disruptions in oil supplies from the Gulf. This has led to increased diesel costs at German gas stations, with the average price jumping to around €2.40 per liter. There are warnings that if oil prices remain above $110, diesel could reach €3 per liter, making a full 50-liter tank cost about €150. The rise is attributed to Germany's heavy reliance on diesel imports and the risks posed by tensions around the Strait of Hormuz and oil lines in Saudi Arabia. It is expected that continued high oil prices could lead to even higher fuel costs. Inside Germany, there's ongoing debate about imposing price ceilings or reducing taxes to ease the burden on drivers.
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