Germany's gasoline prices soar 25% as Iran-Israel tensions bite
Gasoline prices in Germany have surged by around 25% since tensions flared between Iran and Israel. The cost per litre has jumped from roughly €1.65 to over €2, a steeper rise than in neighbouring countries like Poland, Luxembourg, and France. Bavarian Premier Markus Söder has now spoken out, calling the sharp increases 'unacceptable'.
The price spike stems from Germany's high energy taxes, which add 65.45 cents per litre, along with CO₂ pricing and 19% VAT. Unlike other European nations, Germany has not introduced discounts or tax cuts to ease the burden. Instead, drivers face some of the steepest costs on the continent.
Söder, leader of the CSU, has questioned why oil companies are adjusting prices several times a day when no actual fuel shortage exists. He described the frequent hikes as 'highly conspicuous' and urged stricter antitrust regulations to curb such practices. To tackle the issue, Söder proposed two key measures. First, he suggested limiting price changes to once per day. Second, he called for a temporary freeze on fuel price adjustments during major crises or external shocks, drawing a comparison to stock market trading halts.
The Bavarian leader's criticism highlights growing frustration over Germany's fuel pricing system. With taxes and levies driving costs higher than in nearby countries, drivers continue to pay more at the pump. Any changes to pricing rules would require federal action, leaving the outcome uncertain for now.
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