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Consumers: Fuel prices drop significantly

Consumers: Fuel prices drop significantly

According to the ADAC, E10 is back to the level it was at the beginning of the Ukraine war, and diesel has also become cheaper again. What is the reason for that?

Prices at German petrol stations have once again fallen significantly. E10 premium petrol fell within a week by 6.4 cents per liter, diesel by 6.5 cents, as the ADAC announced on Wednesday. E10 cost 1.785 euros per liter on a nationwide daily average on Tuesday, diesel 1.899 euros.

If one ignores the phase of the temporary tax cut in the summer, Super E10 was last cheaper on the day the war began, diesel last on March 3rd. The price of diesel in particular has recently fallen. In the weekly review of the ADAC for the fifth time in a row. The price has fallen almost 25 cents since mid-October. E10 has also become cheaper in recent weeks, but not as much.

ADAC attributes the current decline primarily to the drop in oil prices. In addition, one observes a resurgence in competition there, which is driving the “overdue downward movement of the excessive fuel prices”.

The price of petrol has “in the meantime moved back to a largely understandable level,” said a spokesman. Before that, measured by the price of crude oil, it had been “massively overpriced” for months. However, this does not apply to the more expensive diesel, which is taxed around 20 cents lower: “There is still a lot of room for improvement here, the price of diesel must continue to fall.”

Source: Stern

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