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EconomyWorld News

Rising fuel prices in Germany due to regional tensions between Iran and Israel.

June 15, 20251 ViewsRead Time: 2 minutes
Rising fuel prices in Germany due to regional tensions between Iran and Israel.
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The fuel markets in Germany witnessed a noticeable increase in gasoline and diesel prices on Saturday, June 14, following the military escalation between Israel and Iran and its impact on global oil prices.


According to data from the German Automobile Club, the price of a liter of "Super E10" gasoline reached around 1.70 euros (1.96 dollars) at 8 a.m., with an increase of 5 cents compared to the same time on Friday. The price of a liter of diesel also rose to 1.630 euros, an increase of 6 cents.


The club explained that these prices represent the morning peak, which is usually one of the most expensive periods, expecting a slight decrease throughout the day.


It also indicated that the current increase may be temporary, stating: "The upward trend is likely to continue... but we should not exaggerate this risk, so as not to give companies a strong reason to increase prices further."


This increase coincides with the rise in global oil prices after the Israeli attack on Iran, where the price of a barrel of Brent crude oil reached $74.04 at the end of Friday's session, marking an increase of $4.68 from the previous day. Its price peaked at $78.50, the highest since last January.


These fluctuations reflect the market's sensitivity to geopolitical tensions in the Middle East, which in turn affect oil derivative prices, including fuel.


Fuel prices had relatively stabilized on Thursday before gradually starting to rise from Friday onwards.

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