fuels
Diesel cheaper than E10 for the first time since the beginning of March
Since March 4, the upheavals caused by the Ukraine war had made diesel more expensive than E10. Photo: Carsten Koall/dpa
© dpa-infocom GmbH
There is at least a small normalization in fuel prices: diesel is again cheaper than premium E10 petrol. However, according to the ADAC, both are still far too expensive.
For the first time since the extreme increases in fuel prices in March, diesel is again cheaper than premium E10 petrol. However, both fuels are still a long way from the price level before the start of the Ukraine war, as can be seen from current ADAC figures.
According to this, diesel cost 2.029 euros per liter on a nationwide daily average on Thursday. With E10 it was 2,030 euros. Just a week ago, diesel cost 7.3 cents more than E10 per liter.
Diesel is usually significantly cheaper than petrol because higher taxes are levied on petrol. Including VAT, the difference is just under 22 cents. On the market, however, this value is rarely reached even under normal circumstances: On average, diesel was around 14 cents cheaper than E10 in recent years.
Since March 4, the upheavals caused by the Ukraine war had made diesel more expensive than E10. At the top it was almost 12 cents per liter. Among other things, this was due to the fact that not only oil but also diesel is imported from Russia. In addition, a seasonally untypical high demand for the similar heating oil had driven the price of diesel.
ADAC: Actually “room for price reductions”
The fuel price level is still far too high, says ADAC fuel market expert Jürgen Albrecht. At times when oil prices and dollar exchange rates were similar – which are usually the main drivers of fuel price development – fuel was significantly cheaper in the past. “The margins in the refinery sector are currently at record levels. This also shows that there is scope for price reductions,” he said, emphasizing: “It’s good that the Cartel Office is taking a closer look at pricing from the oil well to the gas station.”
The expert is rather skeptical when it comes to rapidly falling prices: “It is to be feared that the mineral oil companies will try to keep prices high until then with the prospect of the imminent tax cuts for consumers,” he warns. “It would be all the more important that drivers continue to pay attention to low prices in order to maintain competitive pressure.”