Greenpeace calculates: Nearly 860 million euros in excess profits from heating oil since Iran war

TVS News AI, editorially supervised, presents Greenpeace calculates: Nearly 860 million euros in excess profits from heating oil since Iran war.

Nearly 860 million euros – that is how high the excess profits are said to be that oil companies have earned from heating oil since the start of the Iran war. Der Spiegel reports on calculations by an expert from the environmental organization Greenpeace.

Anyone who heats with heating oil has had to dig deep into their pockets since the start of the Iran war. According to calculations by a Greenpeace expert, even significantly deeper than justified, writes Der Spiegel.

What does the Greenpeace calculation say?

The analysis by a Greenpeace expert concludes that heating oil customers have been paying significantly more than would be justified since the start of the Iran war. The gap between the actual price and the fair price adds up to around 860 million euros – an amount that the environmental organization classifies as excess profits by the oil companies.

This raises the accusation that the higher heating oil prices cannot be explained solely by raw material costs and the consequences of the war, but also contain a margin that goes beyond what is justified.

What does this mean for consumers?

Anyone who heats with heating oil or is about to fill a tank gets a classification from the Greenpeace analysis of how much more expensive heating oil has actually become since the start of the Iran war. An official statement from the affected oil companies on the allegations was not initially available.

Which companies the calculation specifically names and what the methodology looks like in detail is reported by Der Spiegel in full.