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Germany’s Diesel Prices Near Record High as Oil Retreats on Trump Iran Statement

Berlin is pushing emergency pricing rules to curb pump volatility.

Overview

  • ADAC data show diesel averaging €2.306 per litre on Sunday, putting it roughly 1.5 to 2 cents below the March 2022 record, while Super E10 averaged €2.085.
  • Global crude prices fell more than 10% on Monday after President Donald Trump said the U.S. would pause attacks on Iranian energy infrastructure for five days, though a rapid pass-through to pump prices is uncertain.
  • Germany’s package would allow petrol stations to raise prices only once daily at 12:00 and cut prices anytime, alongside stronger cartel enforcement powers now moving through Bundestag and toward Bundesrat review.
  • DIHK and the ADAC are urging a temporary cut of energy and fuel taxes to the EU minimum, estimating reductions of about €0.35 per litre for petrol and €0.17 for diesel.
  • Market scrutiny has intensified over wholesale and refinery margins in a diesel-importing Germany with concentrated refining, as economists warn higher fuel costs risk feeding broader inflation and weakening the recovery.