Despite tax cuts – ADAC: fuel prices in Germany continue to rise

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Just one day after the tax cut, fuel prices in our neighboring country Germany have risen again. Both diesel and premium E10 petrol were a few cents higher on Thursday morning than Wednesday morning, according to the ADAC car club.

At 10.50 am, E10 cost an average of 1,896 euros per liter nationwide. That’s 3.7 cents more than 24 hours earlier. Diesel cost 1,951 euros: 3.3 cents more. The tax benefit – 35.2 cents per liter for premium petrol, 16.7 cents for diesel – was not fully received by consumers on Wednesday.

“It should actually fall further, but instead prices are currently rising,” says ADAC fuel market expert Christian Laberer. The increase is not justified – especially since the price of oil has fallen recently and more and more fuel with reduced tax is arriving at the filling stations.

The current prices for ADAC experts are clearly too high
In principle, Laberer thinks the current prices are far too high. For example, E10 was already about 20 cents too expensive in his estimate before the tax cut. And now the discharge is not fully passed on. “For Super E10, a fair price should be about 55 cents lower than Tuesday’s price,” he adds. “So about 1.60 per litre. We are now about 30 cents off that.”

Laberer fears that this gap will not be closed anytime soon. “Prices have to come down, but there is a risk that this won’t happen. Especially now for the Pentecost wave of travel, in which many people are forced to refuel.”

Source: Krone

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