The new rules in Germany limit fuel price increases to a single adjustment per day, allowed at 12:00 PM, in order to reduce fluctuations at the pump. Violating these regulations can result in fines of up to 100,000 euros.
The Federal Minister of Economy, Katherina Reiche, warned about the worsening energy crisis and possible fuel supply issues, especially if the conflict in Iran continues. The German Petroleum and Fuel Industry Association supports these concerns, highlighting the risks in the global market.
If the Strait of Hormuz is not quickly unblocked, Europe's supply, including Germany's, could be affected. So far, Germany is facing significant price increases, but not shortages.
Authorities recommend that the population keep their tanks full and reduce car usage, although traffic restrictions on Sundays are considered ineffective. Approximately 60% of Germans believe that energy prices will remain high in the long term, which puts pressure on consumption and economic recovery.
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