Oil is 75 percent more expensive than a year ago.

Omissions

• The MEP did not specify the type of oil (crude oil, Brent, WTI, heating oil, or fuel oil), which affects the percentage increase. Different oil products showed different price increases - for example, heating oil in Germany rose 53.4% in February 2026 according to Destatis, while mineral oil products were up 22.9%.

Sources

• SecondaryYahoo FinanceAs of April 17, 2026: Oil price $97.06, price 1 year ago $67.82, representing a +41.81% year-over-year increase.
• SecondaryFortuneBy April 30, 2026, Brent crude oil reached $114.66 per barrel. Compared to April 2025 price of approximately $67.82, this represents approximately 69% year-over-year increase.
• SecondaryDestatis (German Federal Statistical Office) via Anadolu AgencyIn February 2026, mineral oil product prices in Germany were up 22.9% compared with February 2025, heating oil soared by 53.4%, motor fuel prices increased by 22.3%.