Up, down – and up again: The prices for petrol and diesel are a burden on motorists in Germany. A possible oil embargo would probably make fuel even more expensive.
After the sharp rise in fuel prices in March, the situation at petrol stations eased somewhat in April. According to ADAC, a liter of Super E10 in Germany cost an average of 1.970 euros, 9.9 cents less than in the previous month.
The diesel price even fell by 11.6 cents to an average of 2.024 euros. However, prices rose noticeably again over the course of the month: “Super E10 was recently just under the two euro mark, diesel has been costing more than two euros on average since mid-April,” said the ADAC.
The most expensive day to fill up was the first of the month: on April 1, a liter of Super E10 cost 2.006 euros, a liter of diesel 2.082 euros. In mid-April, the Super E10 was available for 1.944 euros and diesel for 1.968 euros.
A comparison with the average prices from the previous year shows how dramatic the price increase at the pumps is: In April 2021, according to ADAC, a liter of Super E10 cost an average of 50.4 cents less, diesel was even 71.5 cents cheaper. At the beginning of the corona pandemic two years ago, in April 2020, the price of oil had plummeted, when drivers in Germany could even get E10 for 1.171 euros and diesel for an average of just 1.082 euros.
The ADAC recommends motorists to take advantage of the price fluctuations and preferably refuel in the evening hours: “Then refueling is a few cents cheaper than in the morning.”
In the event of an oil empargo against Russia, the energy expert Manuel Frondel from the RWI Leibniz Institute for Economic Research expects prices to rise again. “An oil embargo is likely to cause gasoline prices to rise significantly again in the short term, but a possible embargo should already be partly priced into the current prices,” he told the “Rheinische Post”. “Permanent petrol price heights of 3 euros per liter should be rather unlikely.”
Source: Stern
Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
