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The fuel price reaches new records - what does that mean for drivers?

2022-03-09T16:21:38.298Z


The fuel price reaches new records - what does that mean for drivers? Created: 03/09/2022, 17:08 Fuel prices have never risen as sharply as they are now. (Iconic image) © Christophe Gateau/dpa Fuel prices have never risen as sharply as they are now. How do they come about, how much does the state benefit and how do prices compare historically? Munich – The war in Ukraine* is driving fuel price


The fuel price reaches new records - what does that mean for drivers?

Created: 03/09/2022, 17:08

Fuel prices have never risen as sharply as they are now.

(Iconic image) © Christophe Gateau/dpa

Fuel prices have never risen as sharply as they are now.

How do they come about, how much does the state benefit and how do prices compare historically?

Munich – The war in Ukraine* is driving fuel prices to unprecedented heights.

In just one week, diesel has become almost 40 cents more expensive, as the ADAC announced on Wednesday.

On a nationwide daily average on Tuesday, the fuel cost 2.150 euros per liter.

Super E10 increased by 27.6 cents to 2.103 euros on a weekly basis.

And the next price jump was already apparent on Wednesday.

But what is driving the prices, how are they in a historical comparison, how much does the state benefit and how are other countries dealing with the gas price shock?

How is the fuel price made up?

A large part are taxes and duties: The energy and mineral oil tax accounts for 65.45 cents per liter for premium petrol and 47.07 cents for diesel.

Added to this is VAT - currently 33.6 cents for Super E10 and 34.3 cents for diesel - and the CO2 tax, which - depending on the proportion of biofuel - adds another seven cents per liter to the books.

In total, around 89 cents per liter are currently going to the state for diesel and almost 106 for E10.

The rest of the price - around 126 cents per liter for diesel and around 104 cents for petrol - is accounted for, among other things, by the price of the raw materials, costs for the refinery, transport and distribution, and the profits of the companies involved.

Product costs are likely to be the largest item at the moment.

Does the state benefit from rising fuel prices?

The energy or mineral oil tax and the CO₂ price remain constant, but the VAT increases with the fuel prices.

The current increase of 39.4 cents per liter of diesel within a week ensures that the state earns 6.3 cents more per liter of diesel sold.

The increase of 27.6 cents in petrol raises the state's revenue from VAT by 4.4 cents per liter.

If you fill up less because of the high fuel prices*, the effect could disappear.

What drives the fuel price?

The main drivers of the rise at the pump so far are oil prices, which have soared in the wake of the war in Ukraine and sanctions against Russia.

The strong dollar amplifies the effect as oil is traded in dollars and German buyers pay in euros.

Added to this is the unusually strong demand for heating oil.

Even before the Russian war against Ukraine, fuel prices in Germany had risen to record highs.

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What is the price of fuel in a historical comparison?

The increase over the year is huge: in March last year, diesel cost 1.315 euros per liter and Super E10 1.454 euros.

And the old record values ​​from August and September 2012 have also left fuel prices far behind: At that time, Super E10 had reached 1.709 and diesel 1.554, long-standing highs.

Since then, diesel has increased by a good 38 percent and E10 by a good 23 percent.

This is significantly more than the general increase in consumer prices.

According to the Federal Statistical Office, this was 14.4 percent from September 2012 to January 2022.

How hard is it for drivers?

Every kilometer driven is currently becoming more expensive for owners of combustion engines.

For a typical petrol car with around 10,500 kilometers per year and eight liters per 100 kilometers, the difference between the prices in March 2021 and the current values ​​​​is 545 euros over the year.

With a typical diesel with around 20,000 kilometers a year and six liters consumption, it would even be 1002 euros.

How is the debate about driver relief?

Among other things, reductions in value added tax and mineral oil taxes and further improvements in the commuter allowance are currently being demanded.

The latter was raised early as part of a relief package.

Other countries have already taken clearer steps.

Heating oil or rapeseed oil from the supermarket costs around 1.50 euros per liter.

Can you fill up a diesel car with it?

That sounds tempting.

But it is forbidden under tax law, and the ADAC also advises against it for technical reasons.

Fuel oil in the tank reduces performance, makes the engine knock loudly, leads to increased wear on delivery and injection pumps and deposits in the engine.

Older diesel engines with distributor injection pumps could run on vegetable oil, at least part of the time.

However, the injection pump and injection nozzles of modern diesel cars are not designed for the viscous vegetable oil: In the medium term it will damage the engine and fuel system.

Is it worth driving to Poland, the Czech Republic or Austria to fill up?

"If you live near the border, maybe even work in the cheaper neighboring country or drive there anyway to go shopping, it's definitely worth filling up there," says the ADAC.

Travel costs and time expenditure should not be forgotten.

According to the Federal Association of Medium-sized Petroleum Companies, diesel and petrol in Poland are 50 to 60 percent cheaper than in Germany because Poland has significantly reduced its fuel taxes.

Gas stations in Mecklenburg-Western Pomerania, Brandenburg and Saxony have already given up or are about to give up because of the enormous price differential.

*Merkur.de is an offer from IPPEN.MEDIA

Source: merkur

All news articles on 2022-03-09

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