The expiry of Germany's temporary fuel tax reduction at the end of June sharply reduced nationwide demand in the week ending 3 July.
Most consumers and filling stations built stocks ahead of the return to regular tax rates on 1 July.
The government had lowered rates from early May by €14.04/100 l to ease the effects of the sharp price surge caused by US-Iran war.
Diesel and gasoline sales volumes reported to Argus fell steeply, after stockbuilding drove spot trade higher in the previous week.
Market participants are now drawing on inventories before stepping back into the spot market at July's higher price levels. National average prices for diesel and gasoline remain well above late-February pre-war levels, even after the tax cut ended.
