Fuel prices continue to rise: “The tank discount is now gone”

Created: 2022-06-09 15:39

By: Simon Mones

Actually, the fuel prices should fall due to the tank discount, but the opposite is the case.

The association en2x refers to the high oil price.

Berlin – It all sounded so good: by reducing the energy tax to the European minimum, fuel prices in Germany should finally fall again after they had skyrocketed to new record highs as a result of the Ukraine war.

For petrol by 35.2 cents, diesel should be 16.7 cents cheaper.

In reality, however, it turns out that the fear that the tank discount could fizzle out has come true.

Instead of going down, prices keep going up.

Although fuel prices had fallen on June 1, the trend has been in the opposite direction since then.

On a nationwide average, diesel was priced at 1.992 on Tuesday (June 7), for example, just 5.2 centers below the price on May 31.

With Super E10, the difference was still 20.3 cents, the liter cost an average of 1.948 euros.

The tank discount has not yet had the desired effect.

(Iconic image) © Sven Hoppe/dpa

Fuel prices continue to rise: “The tank discount is now gone”

On Wednesday (June 8), the situation was hardly any better, according to "clever-tanken.de" the liter cost an average of 1.947 euros.

Motorists who wanted to fill up with diesel had to pay an average of 2.008 euros.

This means that fuel prices are significantly more expensive than they should be.

This is partly due to the fact that the price of oil has also risen again.

However, as expected, the tank discount was not passed on in full by the mineral oil companies and refineries, emphasized Tomaso Duso, competition expert and head of the Companies and Markets department at the DIW Berlin economic research institute.

“The reason for this is that the refiners have market power.

This is not necessarily malicious behavior, but the result of high market concentration at refineries and oil companies," Duso explained to the dpa.

Politicians did not want to hear the corresponding warnings from economists.

"The tank discount is now gone."

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Lower Saxony Energy Minister Olaf Lies also sees it that way.

In his opinion, the tank discount should be abolished prematurely if it does not reach customers.

Instead, the profits of the oil companies are currently being subsidized from taxpayers' money.

Of course, they see things differently: At the request of WDR, Aral emphasized that it had “passed on the tax reduction in full”.

The industry association Fuels and Energy (en2x) also emphasized that not a cent of the tax money ends up in the coffers of the oil companies.

Instead, the 3.2 billion euros provided by the federal government should compensate for the state loss due to reduced tax revenue.

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en2x spokesman Alexander von Gersdorff emphasized that the high prices for diesel and petrol have been "at the same time the purchase prices of gas stations" on the world market since the beginning of the Ukraine war.

Due to the sanctions in May, these have increased again.

"The price increase reduces the advantage of a tank discount almost to zero," said von Gersdorff.

In his estimation, a liter of Super E10 would cost €2.30 without the tax cut.

For diesel, about 2.13 euros would be due.