Fuel prices, especially for diesel, have risen sharply again in Germany. Developments in the oil market and exchange rate fluctuations are not sufficient explanations for this, criticizes the German automobile club ADAC.
A liter of Super E10 gasoline already costs an average of 2.002 euros
Prices at German gas stations are now significantly higher than last week. As the ADAC reported on Wednesday, a liter of Super E10 gasoline currently costs an average of 2.002 euros. This is 4.8 cents more than the week before. The price of diesel increased by 5.6 cents to an average of 2.075 euros.
The overall situation does not explain such a strong increase in fuel prices, the German automobile club criticized. The price of oil and the euro/dollar exchange rate were almost unchanged compared to the previous week. According to the ADAC, fuel prices are “clearly overvalued.”
Downward trend broken for now
The strong downward trend in fuel prices, which followed record levels in mid-March, appears to have been interrupted for the time being. Since mid-April, an upward trend can again be observed. Especially in the first weeks after the start of the Russian invasion of Ukraine, fuels became more expensive. At present, diesel is still 41 cents more expensive than before the outbreak of war and E10 petrol is 25 cents more expensive.
ADAC assumes that the electricity tax cut decided on by the German government some time ago will be fully passed on to consumers. According to calculations of the automobile club taking into account VAT, after the entry into force of these regulations on June 1, gasoline will become 35 cents cheaper, and diesel – 17 cents.