Overview
- Berlin released part of its national oil reserves, and the ADAC reported the first slight daily dip since the Iran war began, though E10 still averaged €2.011 per liter and diesel €2.134—about 23 and 39 cents above pre-war levels.
- The government plans an Austrian-style cap allowing petrol stations only one price increase per day, a measure endorsed by Monopolkommission chair Tomaso Duso as potentially stabilizing for consumers.
- Implementation of the one-hike rule would require changes to competition rules, with experts and the ADAC cautioning that firms could preemptively raise prices earlier in the day.
- The IEA is weighing a coordinated release of up to 400 million barrels to steady markets, with reports indicating Germany could contribute about 19.5 million barrels if the plan proceeds.
- Companies report acute cost strain—transport operators note fuel is roughly a third of operating costs, farmers face pricier diesel and fertilizers, and chemical producers see input spikes—while Iran’s new leader vows continued pressure on the Strait of Hormuz.