Corona effect: Diesel is currently more expensive than ever – economy

Diesel is more expensive than ever at filling stations in Germany. In the nationwide daily average, the price on Sunday was 1.555 euros per liter, as announced by the ADAC. This slightly exceeded the previous record of EUR 1.554 per liter on August 26, 2012. Gasoline is also approaching a peak. Super of the E10 variety was 1.667 euros per liter on Sunday. This means that only 4.2 cents are missing from the record of 1.709 euros on September 13, 2012.

The fuel prices have been rising for months. The main driver is the rise in oil prices after the Corona slump last year, which reached multi-year highs on Monday. In the case of diesel, this is also reinforced by the high demand for heating oil that is typical of autumn. Since the beginning of the year, the carbon dioxide price of 25 euros per ton has resulted in an additional surcharge of six to eight cents per liter.

The development is particularly drastic if you compare it with the previous year. At that time, oil and fuel prices had reached lows due to the Corona crisis before the trend reversal occurred at the beginning of November 2020. At some German petrol stations, diesel was sometimes available for less than one euro per liter.

The rapid rise in prices is causing political debates, and the outgoing Transport Minister Andreas Scheuer (CSU) recently called for effective countermeasures in the event of a further sharp rise in energy and fuel prices. A large part of the fuel price at the pump are taxes and duties. For diesel, at the current price level, this is around 25 cents VAT, a good 47 cents mineral oil tax and the six to eight cents from the carbon dioxide price.

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