Considering the international situation, trade expert Gerrit Heinemann from the University of the Lower Rhine warns that gasoline prices in Germany could rise sharply. He estimates that a week‑long blockade of the Hormuz Strait could push the price to as much as €2.60 per litre, according to his comments to the “Bild” newspaper.
He further predicts that within two weeks the global oil price might climb to at least $120 per barrel, which would translate into German gasoline prices rising to €2.30 per litre and beyond. If the Hormuz Strait remained impassable for a month, he says an even higher level of €2.60 per litre for E10 fuel could occur.
For diesel, Heinemann foresees the current price range of €1.70‑€1.90 per litre to reach €2.20 per litre within the same two‑week period. He adds that a four‑week maritime blockade could see the diesel price climb as high as €2.50 per litre.