The war in Iran is causing a sudden increase in petrol prices across Europe.↘ Global energy markets are unstable |because of the conflict and the partial closure of the Strait of Hormuz,· a key route for oil.↘
Data shows |that between late February and early March,· countries like Germany and Austria saw prices rise by as much as 14%.↘ In Germany,· the price of a litre of petrol jumped from 1.↘82 euros to over 2.↘00 euros in just a few weeks.↘ Governments are now looking for ways to protect drivers.↘ For example,· Germany is looking at new laws to stop gas stations from changing prices several times a day.↘ Austria has already limited how often prices can go up.↘ Meanwhile,· Hungary has introduced a price cap specifically for cars with Hungarian license plates to prevent fuel tourism from neighboring countries.↘
Experts warn |that if oil prices continue to rise,· European drivers could pay an extra 150 million euros every day.↘