Motor fuels: Prices soar again in Germany

Motor fuels: Prices soar again in Germany
Motor fuels: Prices soar again in Germany

Photo REUTERS/Lukas Barth

After three months of reduced prices at motor fueltheir prices return to high levels in Germanyfollowing the expiration of the one-quarter fuel tax rebate imposed as part of relief measures to deal with energy crisis.

As of midnight, the rise in unleaded petrol and diesel prices was felt across Germany, according to a first assessment by the German Automobile Association ADAC at 400 German gas stations from Hamburg and Berlin to Munich.

As of today, the price of gasoline, regular and super, exceeds two euros again, while the price of diesel ranges from 2.10 to 2.30 euros. Although the benefits of the three-month tax credit of 35 cents are still evident in the fuel market, experts expect a bigger increase in fuel prices in the coming days, for example around 17 cents for unleaded petrol.

Risk of embezzlement

In the meantime, representatives of the petrol station industry are already sounding the alarm about cases of profiteering, unfair competition between large chains and small petrol stations.

At the same time, economists estimate that the return to more expensive motor fuels combined with the end of the three-month movement card of 9 euros throughout Germany, inflation may once again climb to the heights.

However, ADAC advises drivers in Germany to compare fuel prices at several stations before buying, warning at the same time of a “dynamic development in the area of ​​motor fuel prices” in the near future.

Source: Deutsche Welle

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Tags: Motor fuels Prices soar Germany

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