El Siglo Futuro - News from Madrid, Spain and the World

Madrid -

RECENT NEWS

Rip-offs at the petrol pump?
Rip-offs at the petrol pump?

Fuel prices in Germany have become a political flashpoint. Since war broke out in Iran and the Strait of Hormuz was temporarily closed, global oil prices have surged. Crude oil quotations rose by around 20 percent to 84 dollars a barrel, and the wholesale price of diesel in Rotterdam climbed by 26 cents per litre – almost 50 percent. As a result, German motorists were paying an average of Euro 2.156 per litre for diesel and Euro 2.037 for Super E10 in mid‑March 2026.Petrol‑station leaseholders emphasise that they do not set their own pump prices. The industry’s lobbying group accuses the oil majors of selling fuel they bought cheaply at a huge mark‑up – behaviour described as “predatory capitalism”. Leaseholders receive none of the extra margin yet face the anger of customers. Convenience‑store sales are also collapsing because angry motorists buy nothing after filling up.Chancellor Friedrich Merz’s government has responded with a package of measures. Filling stations may raise prices only once a day at noon; price cuts are allowed at any time. Part of the national oil reserve will be released, and the competition authority will get more powers. Critics say this does not go far enough. The social welfare organisation SoVD warns that without a price cap consumers remain at the mercy of suppliers and calls for targeted relief for low‑ and middle‑income households. SPD politicians demand a price cap to ensure that consumers are not “fleeced”, while economy minister Katherina Reiche rejects the idea of a state‑financed fuel subsidy.

March 23, 2026

Shakira to wrap up world tour with Madrid residency
Shakira to wrap up world tour with Madrid residency

Pop superstar Shakira will wrap up her record-breaking world tour with a concert residency in Madrid at a custom-built venue, promoter Live Nation said Monday.

March 23, 2026

World gave Israel 'licence to torture Palestinians': UN expert
World gave Israel 'licence to torture Palestinians': UN expert

The world has given Israel "a licence to torture Palestinians", a UN expert said Monday, with life in the occupied territories "a continuum of physical and mental suffering".

March 23, 2026

RECENT NEWS

Namibia rejects Starlink licence request
Namibia rejects Starlink licence request

Namibia said Monday it had rejected a request for billionaire Elon Musk's Starlink to operate its satellite internet services in the country, dealing the company a second setback in southern Africa.

March 23, 2026

RECENT NEWS

US deploys immigration agents to airports amid shutdown chaos
US deploys immigration agents to airports amid shutdown chaos

The US immigration agency at the center of a firestorm over heavy-handed enforcement tactics began deploying to major airports on Monday, as officials scrambled to ease mounting travel disruption during a prolonged, partial government shutdown.

March 23, 2026