With the start of the temporary fuel tax reduction in June, the demand for gasoline has increased significantly according to industry data. At that time, domestic deliveries to petrol stations and other recipients rose sharply compared to the previous months, as an analysis of the official oil data shows. At 1.58 million tons, they even exceeded the pre-corona value of June 2019 by almost 42,000 tons. In the spring, domestic deliveries of gasoline were well below the pre-corona levels – an average of 1.34 million tons per month. During this time, fuel prices had reached unprecedented levels due to the war in Ukraine. A connection to the fall in demand in the spring cannot be proven, but is obvious. Accordingly, the temporary reduction in fuel tax by 35.2 cents on petrol – and thus falling prices at the petrol pumps – should have caused a surge in demand.
Oil data – tank rebate increased demand – economy
