Fuel price explosion: Soon up to three euros per liter - experts fear
Created: 03/08/2022Updated: 03/08/2022 14:36
By: Patricia Huber
Fuel prices continue to rise and there is currently no end in sight.
© Frank Augstein/dpa
Fuel prices keep reaching new record highs.
However, according to experts, the maximum has not yet been reached.
The Ukraine war drives up the cost of diesel and gasoline.
Munich – With the current fuel prices, one thinks very carefully about which route to travel by car and which one to walk.
On Monday (March 8), the liter of Super E10 cost an average of 2.008 euros nationwide, as announced by the ADAC.
The rise in diesel is even more extreme.
The current diesel price rose to an average of 2.032 euros, i.e. a total of 27.6 cents more than six days ago.
Fuel prices likely to rise further as a result of the Ukraine war
According to experts, however, there is no end in sight to the price rally, which could also apply to many products such as beer or coffee in the supermarket.
The Ukraine conflict* and the increasing insecurity caused by the Ukraine war will probably continue to increase fuel prices at the petrol stations.
Especially when the EU decides to stop importing Russian oil.
This will be discussed in the coming days.
The Düsseldorf economist Prof. Justus Haucap expects the price situation to get even worse.
"If crude oil prices continue to rise, the price of fuel can also end up at 2.50 euros," the expert explains to
Bild
.
Fuel price: Because of the Ukraine war, an expert speaks of “up to three euros per liter” for diesel and petrol in extreme cases
Gabriele Widmann, commodity expert at Dekabank, speaks of even higher prices.
"In extreme cases, we may have to pay up to three euros per liter of fuel," she explains in an interview with
RTL
about a possible development in fuel prices for diesel and petrol.
She also makes it clear that motorists should get used to the current situation: "We will have permanently higher energy prices because cheap energy from Russia is now a thing of the past.
We will no longer work so closely with Russia – no matter how the conflict resolves.”
In some countries, filling up can be worthwhile due to the explosion in fuel prices, but the calls for government intervention are getting louder in this country.
In the last few days, the CDU in particular has repeatedly called for a reduction in VAT in order to relieve consumers.
CDU social expert Marc Biadacz proposed a reduction from 19 to seven percent.
He made it clear to the
picture
: "The way to work must not become a luxury for millions!"
But Federal Finance Minister Christian Lindner rejected this plan.
“I am not ruling out anything for the further development of this year.
At the moment, however, no new decision is pending," said the FDP politician.
(ph)
