Learn How To Make Money From Home Using Your Smartphone In 2025
By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
AfricaNews360AfricaNews360
  • Politics
    PoliticsShow More
    Ugandan opposition leader Bobi Wine leaves the country after two months of hiding
    March 14, 2026
    Ghanaian Court annuls 2024 Parliamentary Election over irregularities
    November 24, 2025
    The future is African – Ghana President declares at UN Assembly
    September 26, 2025
    Burkina Faso to ‘street honour’ late Ghanaian President Jerry John Rawlings
    May 19, 2025
    Burkina Faso honours late president Thomas Sankara with memorial park
    May 19, 2025
  • Business
    BusinessShow More
    President Donald Trump, left, and Chinese President Xi Jinping, right, pose for photo before their US-China summit at Gimhae international airport in Busan, South Korea, on October 30, 2025 [Mark Schiefelbein/AP Photo]
    Trump says China’s Xi Jinping agreed to accelerate purchases of US goods
    November 26, 2025
    Ghana, Dalian deepen bilateral ties to boost education, culture and trade
    November 13, 2025
    Ghana secures additional $28m grant from China for infrastructure projects
    October 17, 2025
    Ghana’s President Mahama seeks investment partnerships during Singapore visit
    August 25, 2025
    Ghana’s Tourism Minister commends Emirates at grand opening of Travel Store
    May 15, 2025
  • Showbiz
    ShowbizShow More
    Davido releases ’10 Kilo’ Music Video
    August 13, 2025
    Nigerian Star Davido’s Foundation supports 500 orphanages in annual Charity drive
    February 13, 2025
    Nigerian president Tinubu celebrates Nollywood icon Nkem Owoh ‘Osuofia’ at 70
    February 8, 2025
    Burkina Faso’s Bissa music sensation Eunice Goula drops new Banger ‘Mariage’
    September 25, 2024
    Kenya’s president hosts national music festival
    August 16, 2024
  • Sports
    SportsShow More
    Ghana sports journalist criticises lack of national museum during IShowSpeed visit
    January 28, 2026
    Salim Lawal signs for FC Viktoria Plzeň 
    OFFICIAL: Nigerian forward Salim Fago Lawal signs for FC Viktoria Plzeň 
    January 27, 2026
    Ghana to host 2026 African Senior Athletics Championships
    January 21, 2026
    Bliss turns to abbyss as Panenka dazes Díaz in AFCON Final
    January 19, 2026
    Mane bows out as AFCON legend with second title and Player of Tournament award
    January 19, 2026
  • Biographies
    BiographiesShow More
    Michael Gallup Bio, Age, Net Worth, Height, Parents, Siblings, Wife, Children
    July 25, 2024
  • Columns
    ColumnsShow More
    Ghana Government does not subsidize Hajj Pilgrims: Debunking the myth with facts
    March 7, 2025
    Full Speech: South African president’s address at first G20 Foreign Ministers’ meeting 2025
    February 22, 2025
    Ing. Abdullah Mohammed Billey: The Ghanaian road expert victimised for political reasons by the ousted Government
    February 3, 2025
    Ghana President Mahama’s speech at Africa Prosperity Dialogues 2025
    February 2, 2025
    An American opinion on the impending NDC Government structure
    December 17, 2024
  • Travel
    TravelShow More
    Ghana’s Tourism Minister commends Emirates at grand opening of Travel Store
    May 15, 2025
    Thousands of Ethiopian diaspora heed PM’s call to ‘come home’
    May 2, 2024
    Malawi and Ghana sign visa waiver agreement to enhance bilateral ties
    March 21, 2024
    Ghana signs visa waiver agreement with Bahamas
    February 22, 2024
    Malawi scrapes visa restrictions for 79 countries
    February 9, 2024
  • Editorial
    EditorialShow More
    FEATURE: Kigali City- A glittering jewel of Africa
    September 2, 2023
    All eyes on INEC as Nigeria decides
    February 26, 2023
    Feed Africa Summit: Continent Plans to Achieve Zero Hunger by 2030
    January 25, 2023
    Africa must speak with one voice at COP27
    November 8, 2022
    Nigerian headteacher sentenced to death after pupil’s murder
    July 28, 2022
  • World
    WorldShow More
    Robert Prevost
    American prelate Robert Prevost elected New Pope
    May 9, 2025
    Rwanda cuts diplomatic ties with Belgium amid Congo conflict tensions
    March 17, 2025
    ICC issues arrest warrants for Israel’s Benjamin Netanyahu, Ibrahim Al-Masri
    November 21, 2024
    Voting underway in US as Donald Trump faces Kamala Harris for presidency
    November 5, 2024
    Biden directs US forces to aid Israel’s defence against Iran
    October 2, 2024
Reading: German competition authority looking into oil, petrol prices
Share
Notification Show More
Latest News
Ugandan opposition leader Bobi Wine leaves the country after two months of hiding
March 14, 2026
Ghana and St Kitts and Nevis vow to deepen ties in landmark Accra summit
March 4, 2026
Ghana reverts Kotoka International Airport to its original name
February 25, 2026
Ghana sports journalist criticises lack of national museum during IShowSpeed visit
January 28, 2026
Salim Lawal signs for FC Viktoria Plzeň 
OFFICIAL: Nigerian forward Salim Fago Lawal signs for FC Viktoria Plzeň 
January 27, 2026
Aa
AfricaNews360AfricaNews360
Aa
  • Technology
  • Science
  • Education
  • Health
Search
  • Topics
    • Business
    • Columns
    • Gossip
    • News
    • Politics
    • Showbiz
    • Fashion
    • Climate
    • World
    • Videos
Have an existing account? Sign In
Follow US
AfricaNews360 > Business > German competition authority looking into oil, petrol prices
Business

German competition authority looking into oil, petrol prices

Germany's cartel office said it has since May been investigating the divergence between crude oil prices, refinery sale prices and service station prices but had not yet drawn any conclusions on whether it had any basis to take action.

Posted omni21 July 15, 2022 2 Min Read
Updated 2022/07/15 at 6:13 PM
A diesel fuel nozzle is seen attached to a car at a Shell petrol station in Berlin, Germany October 22, 2018. REUTERS/Fabrizio Bensch
SHARE

Germany introduced a discount on gasoline for the months of June, July and August to help motorists cope with soaring prices as part of relief measures responding to the increasing cost of living, but continuing high prices have led to accusations of price gouging by the oil industry.

A cartel office spokesperson said it had been looking into the price discrepancies but had not drawn any conclusions.

RECOMMENDED FOR YOU  Oil up 2.5% as no immediate Saudi output boost expected

“At this stage, however, we are not yet able to make any statements about actual profit margins or the passing on of the petrol discount,” the spokesperson told Reuters.

“The results (of this sectoral study) could give us a basis to tackle possible violations of cartel law in a targeted fashion,” the spokesperson added.

Earlier, Der Spiegel had reported, citing a letter from the energy ministry, that the regulator was investigating discrepancies that could point to a violation of competition rules.

RECOMMENDED FOR YOU  ExxonMobil secures exploration rights in Egypt's outer Nile Delta

“With regard to the fuel markets, initial data sets from the German Federal Cartel Office show that the gaps between crude oil and refinery selling prices have increased significantly,” the ministry’s letter to a member of hard-left party Die Linke said, Der Spiegel reported.

But it said the divergence could be the result of structural competition problems, not competition rule violations, that had led to the price increases, according to the report.

RECOMMENDED FOR YOU  Nigeria lost N16.3tn to crude oil theft, spent N13tn on fuel subsidies since 2005x

RSS EDITORS’ SUGGESTIONS

TAGGED: German, Oil, petrol prices
SOURCES: Reuters
omni21 July 15, 2022
Share this Article
Facebook Twitter Whatsapp Whatsapp LinkedIn Telegram Email Print
Previous Article Saudi Arabia doubles second-quarter Russian fuel oil imports for power generation
Next Article Sharapova announces birth of first child Theodore
Leave a comment Leave a comment

Leave a Reply Cancel reply

You must be logged in to post a comment.

Latest on AfricaNews360

  • Ugandan opposition leader Bobi Wine leaves the country after two months of hiding
  • Ghana and St Kitts and Nevis vow to deepen ties in landmark Accra summit
  • Ghana reverts Kotoka International Airport to its original name
  • Ghana sports journalist criticises lack of national museum during IShowSpeed visit
  • OFFICIAL: Nigerian forward Salim Fago Lawal signs for FC Viktoria Plzeň 

More recommendations for you

  • Enock Morrison scores as Gor Mahia clinch 3–1 victory over Ulinzi Stars
  • Is DR Congo Ready to Add to Africa’s Numbers at the 2026 World Cup? Coach Sébastien Desabre names squad for crucial playoff
  • Andre Ayew ‘booted out’ from Black Stars squad ahead of Austria and Germany friendlies – Reports
  • 2025/26 Ghana FA Cup Semi-Finals Set: Medeama to face Dreams FC, Aduana Stars to meet Nations FC
  • Otto Addo set to announce Black Stars squad for Austria and Germany friendlies ahead of 2026 World Cup

You Might Also Like

President Donald Trump, left, and Chinese President Xi Jinping, right, pose for photo before their US-China summit at Gimhae international airport in Busan, South Korea, on October 30, 2025 [Mark Schiefelbein/AP Photo]
Business

Trump says China’s Xi Jinping agreed to accelerate purchases of US goods

November 26, 2025
Business

Ghana, Dalian deepen bilateral ties to boost education, culture and trade

November 13, 2025
BusinessTop Stories

Ghana secures additional $28m grant from China for infrastructure projects

October 17, 2025
BusinessNewsTop Stories

Ghana’s President Mahama seeks investment partnerships during Singapore visit

August 25, 2025
  • Bereavement
  • Debt Management
  • Finance
  • Job Creation
  • Small Business
  • Climate
  • Education
  • Fashion
  • Health
  • Rights
  • Science
  • Sanitation
  • Mobilisation
  • Secondary Education
  • Celebrity News
  • Tertiary Education
  • Culture
  • Security
  • Corruption
  • Creed
  • Athletics
  • Basketball
  • Boxing
  • Formula 1
  • Rugby
  • Soccer
  • Tennis
  • Minning
  • Gaming
  • Technology
AfricaNews360AfricaNews360
Follow US

© 2024 - AfricaNews360 | All rights reserved.

  • About
  • Advertise with us
  • Contact

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Register Lost your password?