The Peninsula Times - News from Johannesburg, South Africa and the world, daily around the clock

Fuel prices in Germany have become a political flashpoint. Since war broke out in Iran and the Strait of Hormuz was temporarily closed, global oil prices have surged. Crude oil quotations rose by around 20 percent to 84 dollars a barrel, and the wholesale price of diesel in Rotterdam climbed by 26 cents per litre – almost 50 percent. As a result, German motorists were paying an average of Euro 2.156 per litre for diesel and Euro 2.037 for Super E10 in mid‑March 2026.Petrol‑station leaseholders emphasise that they do not set their own pump prices. The industry’s lobbying group accuses the oil majors of selling fuel they bought cheaply at a huge mark‑up – behaviour described as “predatory capitalism”. Leaseholders receive none of the extra margin yet face the anger of customers. Convenience‑store sales are also collapsing because angry motorists buy nothing after filling up.Chancellor Friedrich Merz’s government has responded with a package of measures. Filling stations may raise prices only once a day at noon; price cuts are allowed at any time. Part of the national oil reserve will be released, and the competition authority will get more powers. Critics say this does not go far enough. The social welfare organisation SoVD warns that without a price cap consumers remain at the mercy of suppliers and calls for targeted relief for low‑ and middle‑income households. SPD politicians demand a price cap to ensure that consumers are not “fleeced”, while economy minister Katherina Reiche rejects the idea of a state‑financed fuel subsidy.