The German government currently plans no measures to help dampen the surge in energy prices, government spokesman Ulrich Wilhelm said Friday, adding the strong euro has helped slow the rise in fuel prices.
"This is an international development which we regularly discuss with our dialogue partners on an international level," Wilhelm told reporters, adding there are repeatedly efforts on the international level to act against speculation on fuel prices.
"The fact that the euro has proven to be a strong currency has helped to dampen prices for import of oil, which is billed in dollars," he said.
Crude oil futures have soared in recent weeks, setting a record high of over $135 a barrel Thursday.
The Finance Ministry reiterated the government doesn't profit from high energy prices.
"We don't have extra revenues," Finance Ministry spokesman Torsten Albig told reporters.
Economics Ministry spokesman Steffen Moritz said there is currently no indication of any price fixing on the German petrol market which would require the German Federal Cartel Office to take action.