Merz promises relief for drivers as German fuel prices hit record highs

German Chancellor Friedrich Merz has pledged to introduce measures to alleviate the strain on drivers amid record-high fuel prices in Germany. Speaking at a BGA event on September 15, Merz stated that urgent action is required due to the soaring cost of petrol and diesel, which has reached breaking point for many who rely on their cars daily.

While the Chancellor acknowledged the need for action, he remained uncertain about the specific measures that would be implemented, promising to provide updates "very soon" after consultations with the federal government and the states.

The surge in fuel prices this week coincides with renewed global uncertainty, with Super E10 petrol prices soaring more than 4 cents to an unprecedented 2.30 euros per litre. Diesel prices have also increased, averaging 2.422 euros per litre. The ADAC, the German Automobile Club, attributes the price hike to Brent crude oil, now at almost $110 per barrel, but also calls for greater transparency in pricing throughout the value chain.