Comment: A diesel price of three euros per liter is no longer completely out of the question.
Diesel fuel already costs €2.40 at German petrol stations. And things could get even worse. The situation with oil products is more dramatic than with oil.
Drivers who filled up their tanks in the past three days may face financial difficulties due to rising fuel prices. The cost of diesel in Germany has reached €2.40 per liter. Recent attacks on Saudi Arabia's East-West pipeline by Huthi rebels may lead to further price increases if the pipeline is not repaired quickly. The pipeline's closure could cause the oil market to experience a new level of scarcity. The price of Gasoil, a diesel precursor, has surged 141% at ICE Futures Europe since the start of the year.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
