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Petrol in Germany is more expensive than ever

Petrol in Germany is more expensive than ever

Fuel prices in Germany have hit record highs following a recent spike in crude oil costs caused by supply chain disruptions in Saudi Arabia. Despite these increases, fuel remains significantly more expensive in the Netherlands, leading many cross-border residents to opt for cheaper German fuel.

Fuel prices in Germany have reached record highs following a rapid increase over the last two weeks. According to the German automobile association ADAC, gasoline prices rose by approximately 12 cents per liter, while diesel increased by about 20 cents, with diesel reaching an average of 2.40 euros per liter. This surge is primarily driven by the rising cost of Brent crude oil, which hit 107.19 dollars per barrel on Monday due to supply concerns. A critical oil pipeline in Saudi Arabia was closed following a drone attack from Iraq, further restricting global oil availability.

Despite these record levels in Germany, fuel remains significantly more expensive in the Netherlands, where Euro95 gasoline currently averages around 2.68 euros per liter and diesel costs roughly 2.72 euros. Consequently, many motorists residing near the German border may find it more cost-effective to purchase fuel in Germany rather than domestically. These price shifts reflect the volatility currently affecting the global energy market.

Based on reporting by nu. Translated and condensed by LocalHeadlines.

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