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Germany weighs options as low water levels trigger price surges
['Kamil Kowalcze']
Fortune | FORTUNE
Germany’s transport minister said the government is monitoring fuel-price spikes as low water levels spurred by intense heat this summer trigger higher prices in some regions of Europe’s largest economy.
But the coalition partners are in discussion as the effect of critically low river levels reverberates, including in higher prices.
“We do not yet have a supply crisis, the supply chains are functioning, but there are price spikes in some regions.”
River navigation and power production have been disrupted by dwindling water levels.
“The situation remains worrying, which is why it was good that we acted at short notice,” Bilger said.