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Diesel costs more than 1.60 euros per liter for the first time


The prices at the pump reach new highs. If you fill up with diesel, you have to pay almost 37 cents more per liter than a year ago. Super is also getting more and more expensive.

Enlarge image

Fuel nozzle in Munich: the prices go up and up

Photo: Tobias Hase / picture alliance / dpa

Those who drive diesel currently have to dig deeper into their pockets than ever before.

For the first time, the liter of fuel has exceeded the mark of 1.60 euros in the nationwide daily average, as announced by the ADAC.

A week ago, diesel was 1.6 cents cheaper.

The situation is similar for E10 premium petrol, which currently costs 1.672 euros per liter – but it is still 3.7 cents less than the all-time high in 2012.

The rise in fuel prices follows the price of oil, which had recently continued to increase.

And the trend may continue - on Wednesday, major crudes Brent and WTI hit seven-year highs.

The oil price had recently risen sharply, among other things due to the unrest in the producing country Kazakhstan and the lower production of oil-exporting countries.

At the same time, according to the energy agency IEA, demand is slowly increasing towards pre-pandemic levels despite the omicron wave.

37 cents more expensive than a year ago

The increase is particularly dramatic when compared over the year as a whole.

In January 2021, diesel was still almost 37 cents per liter cheaper on a monthly average than on Tuesday.

With Super E10, the difference is a good 32 cents.

However, fuel prices also fluctuated sharply last year.

The diesel reached its last all-time high in autumn, while Super just barely missed its record values.

November was the most expensive tank month ever.

After that, prices initially fell for a few weeks before rising again.


Source: spiegel

All business articles on 2022-01-19

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