Mobility costs: Petrol price for E10 falls below 2 euros again

Munich. Anyone who fills up with premium E10 petrol had a good chance of doing so on Wednesday for less than two euros per liter. According to figures from the ADAC, the nationwide average price was already 1,979 euros at 10 a.m. in the morning. This means that the price decline for gasoline continues.

However, it is doubtful whether the national daily average price will remain below 2 euros. Since the introduction of the 12 o'clock rule in April, the price has mostly followed a typical pattern with a sharp rise in the midday period and a gradual decline until the low point in the late afternoon. In this pattern, 10 a.m. is usually a fairly good time to refuel.

Already on Tuesday, E10 briefly fell below the 2 euro mark. However, it was even weaker at 1.995 euros, the daily low at 11.45.

The price of E10 has been declining for several weeks. The nationwide daily average - since it contains all prices from 24 hours, it is more meaningful but also higher than the low morning prices - was 2,041 euros for gasoline on Tuesday. That was 4.3 cents less than a week earlier. If you look back to October 13th, it is even 11 cents. The last time E10 was cheaper than it is now was in July.

“Fuel prices are currently falling significantly, which is primarily due to the significantly lower oil price,” says the ADAC.

Diesel is also currently giving way. At 2.26 euros per liter on Tuesday, it is 2.2 cents less than on Sunday. However, the change has been small since mid-October, meaning the gap between the two fuels is now almost 22 cents. In normal times, diesel is actually cheaper than gasoline because it is taxed less.

The Federal Cartel Office has also recently observed the uneven development of petrol and diesel prices. This is due to the fact that, on the one hand, weaker demand for gasoline meets higher supply, while the situation for diesel remains particularly tense due to the problems in the Strait of Hormuz and the war in Ukraine.

The competition watchdogs also looked at the passing on of the fuel discount of 16.7 cents in October. They come to the conclusion that 90 percent of the discount for diesel was passed on last month, and around 60 percent for Super E5 gasoline. However, the Cartel Office emphasizes that these values ​​are difficult to determine and are only a snapshot.

With recent changes - especially the falling price of gasoline - the current situation may already look different. The Ifo Institute's fuel discount tracker for the week from October 28th to November 3rd comes to a pass on of 9.7 cents for diesel, while it is 17.4 cents for premium petrol - a little more than the tax cut.

Prices can vary greatly depending on the time, gas station and region. For E10, for example, according to the fuel price portal Tankerkönig, prices tended to be higher in northwest Germany late on Wednesday morning than in the rest of the country, and for diesel in the south and west.