ADAC: Mineral oil companies are increasing prices despite fuel discounts
Quick Look
- Despite the introduction of the new refueling discount to reduce energy tax, oil companies raised prices on Thursday afternoon.
- The ADAC states that the relief will be partially passed on, but calls for full implementation.
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Why It Matters
The energy tax was reduced to reduce the burden on consumers by 16.7 cents per liter of petrol or diesel. The measure applies until December 31st and costs around 2.5 billion euros.
Despite the introduction of the new fuel discount, the mineral oil companies increased prices on Thursday afternoon, according to the ADAC. The car club said that at 12 p.m. the companies had used the “opportunity to adjust prices as usual for significant surcharges”. However, the prices were lower compared to the period of the previous day.
On average, consumers paid between 14 and 15 cents per liter less at 12:15 p.m., depending on the type of fuel, than on Wednesday, the ADAC statement said. On average nationwide, prices for Super E10 gasoline rose from 2,052 to 2,253 euros between 11:45 a.m. and 12:15 p.m. For diesel, the price per liter rose from 2,197 to 2,393 euros.
"Despite a slightly falling oil price, the ADAC sees this development as at least largely reflecting the reduction in energy tax - a large part of which is currently being passed on to consumers," reported the ADAC. The car club called on the oil companies to promptly pass on the full energy tax cut of around 17 cents.
The second fuel discount this year has been in effect since midnight. The reduction in energy taxes applies until December 31st and is intended to provide relief of 16.7 cents per liter of gasoline or diesel. The fuel discount will cost around 2.5 billion euros, half of which will be borne by the federal and state governments. There is no direct obligation for gas stations to lower prices.
Open Questions
- Will corporations pass on the full tax cut?
- How will prices develop in the coming days?
