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Diesel price rises to record high in Germany

2021-10-18T10:47:34.718Z


Diesel fuel has never been as expensive in Germany as it is now. This is only partly due to the new CO₂ tax. But that is now at the center of the political debate.


Enlarge image

This gas station near Peine asked for 1.809 euros on October 14 for a liter of diesel

Photo: INA FASSBENDER / AFP

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 the ADAC announced on Monday.

This exceeded the previous record of 1.554 euros per liter on August 26, 2012.

Gasoline is also nearing its 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.

High crude and heating oil prices

The fuel prices have been rising for months.

The main driver is the oil price, which rose after the Corona slump last year and reached multi-year highs on Monday.

Investors worry about insufficient supply before the winter months.

The North Sea variety Brent, which is important for Europe, was at times more expensive on Monday than it has been in three years.

In the case of diesel, the increase 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 around 6 to 8 cents per liter.

The CO2 tax makes diesel more expensive by almost eight cents

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 came at the beginning of November 2020.

The price spiral also calls politics on the scene.

Most recently, the outgoing Transport Minister Andreas Scheuer (CSU) called for effective countermeasures to be prepared at short notice in the event that energy and fuel prices continue to rise sharply.

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 just under 8 cents from the recently introduced CO2 tax.

In connection with the ever increasing fuel prices, the ADAC warns against overburdening the population.

"I hope - and in view of the current rise in fuel prices, I assume that an even faster rise in CO2 prices is off the table," said ADAC traffic president Gerhard Hillebrand in the direction of the coalition talks between the SPD, the Greens and the FDP.

"The negotiating parties must also think of those people who have so far had no alternative to fossil-fuel-powered cars." In particular, people in rural areas who have to travel long distances to work should be relieved with a flat-rate distance allowance, according to Hillebrand.

che / dpa-AFX

Source: spiegel

All business articles on 2021-10-18

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