Germany’s fuel price relief has backfired on motorists
The temporary ceasefire between the United States and Iran was certainly a relief for car drivers across Europe. Ever since the US and Israel began to attack the theocratic Islamic republic, oil and gas prices on the international markets have skyrocketed, affected by the uncertainty about supply and the closure of the Strait of Hormuz. Consumer prices at filling stations have also been affected. In Germany, this prompted the government to introduce a new law on 1 April. Backed by a decisive majority in the Bundestag, the national parliament, the new legislation stated that filling stations could raise prices just once per day moving forward. More precisely, they are now allowed to raise the price for petrol and diesel only at noon.