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Thursday, May 26, 2022

Despite slightly lower diesel and gasoline prices: freight forwarders warn of empty supermarket shelves due to fuel costs

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The extreme rise in fuel prices is taking a breather. Prices have fallen slightly for both diesel and premium E10 gasoline, as ADAC announced on Saturday. According to this, diesel cost 2,312 euros per liter on average daily at the national level on Friday, which is 0.9 cents less than on Thursday. The E10 was cheaper by 0.2 cents to 2.20 euros per liter.

However, ADAC currently sees no signs of a “serious relaxation”. In the previous days, fuel prices had risen in double digits overnight, pushing them to unprecedented levels.

The most important driving factor is the war in Ukraine and its effects on commodity markets. Since the war started a good two weeks ago, fuel prices have risen dramatically. Since then, diesel has risen in price by almost 65 cents a litre, and E10 by 45 cents.

[Alle aktuellen Nachrichten zum russischen Angriff auf die Ukraine bekommen Sie mit der Tagesspiegel-App live auf ihr Handy. Hier für Apple- und Android-Geräte herunterladen]

Freight forwarders concerned about possible supply crisis

The industry association of German freight forwarders has warned of the worst supply crisis in Germany since the end of World War II in view of gasoline prices. There was a risk of “partially empty supermarket shelves”, the president of the Federal Association for Freight Transport and Logistics (BGL), Dirk Engelhardt, told “Bild” on Saturday. The reason is that more and more carriers can no longer bear the high fuel costs.

[Lesen Sie auch: Golfstaaten könnten viel mehr Öl fördern: Der hohe politische Preis für einen niedrigen Ölpreis (T+)]

“The situation is much more tense than with Corona,” said Engelhardt. “The worst supply crisis in 70 years is imminent. Germany is heading for a situation like England after Brexit.”

The BGL boss called on Federal Economics Minister Robert Habeck (Greens) to address the issue and talk to the industry about relief. “If Robert Habeck does not act now, Germany is threatened with a major supply bottleneck,” Engelhardt said. Most recently, he wrote Habeck a letter earlier in the week, but has yet to receive a reply. (dpa, afp)

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