German refineries increase fuel production in the first half of the year

The German refineries significantly increased their fuel production in the first half of the year - and were thus able to compensate for the loss of imports. As the Federal Statistical Office announced, eleven million tons of gasoline and 15.8 million tons of diesel were produced during this period. This is an increase of 1.8 percent for motor and aviation gasoline and 9.4 percent for diesel compared to the same period last year.

At the same time, imports of both fuels fell significantly. According to the information, imports of gasoline fell by 23 percent to 525,000 tons, and imports of diesel fell by 23.9 percent to 868,000 tons.

This means that 157,000 tons of gasoline and 262,000 tons of diesel were imported less in the first half of the year than in the same period last year. However, the increase due to increased production exceeds these values: for gasoline it corresponds to an additional production of 200,000 tons, for diesel even to 1.4 million tons.

However, due to the high world market prices as a result of the US-Israeli war against Iran, the savings from reduced imports are small. At 479 million euros, the value of imported gasoline was only 2.5 percent lower than a year earlier. The similarly significantly reduced amount of imported diesel was even 5.8 percent more expensive at 845 million euros.