In Germany, the refueling discount ended, the price of gasoline rose by 40 cents overnight

In Germany, the refueling discount ended, the price of gasoline rose by 40 cents overnight
In Germany, the refueling discount ended, the price of gasoline rose by 40 cents overnight

Berlin – A price shock and an unpleasant surprise awaited drivers who came to refuel at German gas stations this morning. Since September, after three months, the lower fuel tax stopped paying, so the price of gasoline increased overnight by more than 40 cents (ten CZK) per liter. It is now practically impossible to buy gasoline equivalent to natural 95 for less than two euros (49 CZK) per liter.

“The prices went up really quickly, I was quite surprised,” said a driver who filled up this morning at a gas station near the Bellevue presidential palace to ČTK. Ro knew that the benefit of lower fuel taxation would end from September, but he did not expect prices to quickly return to May levels. “I expected slower growth,” he said.

Despite the higher prices, the interest in fuels has not changed at first glance. “I just have to refuel,” said another driver. Some motorists tried to fill up their tanks shortly before the end of the refueling discount, as the measure was called in Germany. But those who left refueling until Wednesday, i.e. the last day of the discount, could have noticed a slow rise in prices.

Even at the beginning of the week, gasoline corresponding to natural 95 in Berlin cost less than 1.70 euros (41.60 CZK) per liter, on Wednesday the regular price was already around 1.75 euros (42.80 CZK), which is more than crown difference. As of today, gasoline in Berlin most often costs around 2.15 euros (52.60 CZK) per liter.

For diesel, the price increase was not so drastic, on average it is about 20 cents (4.90 CZK). Drivers in Berlin now pay about 2.20 euros (53.80 CZK) for a liter, compared to less than two euros (49 CZK) a week ago.

The difference in the price of petrol and diesel is due to the different tax relief. The government reduced the tax on gasoline by 29.55 cents (CZK 7.20) and on diesel by 14.04 cents (CZK 3.40). With the reduction of fuel tax, the value added tax (VAT) was automatically reduced, which meant an additional five cents per litre.

Thanks to the reduction of the fuel tax in June, the price of gasoline fell below two euros for the first time in several weeks, but a few days later it returned above this limit again, to the displeasure of the government and motorists. The German car club ADAC said at the time that there was no reason for the higher prices and that the petrochemical industry had used the fuel discount to increase profits. ADAC also called on the cartel office and politicians to intervene.

Federal Minister of Economy Robert Habeck, in response to the renewed price increase, stated that the refueling discount has become an invitation to portion out the spoils at the state’s expense, which the government will not tolerate, according to him. He also announced a change in the anti-cartel law so that the petrochemical industry could not abuse the temporary tax reduction at the expense of motorists. Prices then dropped again.

Together with the lower tax on fuel, another relief, which was the all-German monthly ticket for regional and city transport for nine euros (CZK 220), ceased to apply today. The ticket, which was used by tens of millions of people, became a hit. Chancellor Olaf Scholz himself called the ticket one of the most successful projects of his government. But the government refused to extend the validity of the nine-euro ticket, now it is a substitute solution. It is not yet clear what such a ticket will look like and how much it will cost.

The government temporarily introduced a fuel discount and a cheap ticket as relief for residents from high energy and fuel prices, which, according to economists, had a positive effect on slowing inflation. Experts do not rule out that the year-on-year growth rate of consumer prices in Germany may reach ten percent. The inflation rate in August was 7.9 percent, the highest since the early 1970s, according to a preliminary report by the statistics office. Scholz announced on Wednesday that the government will introduce a new set of anti-inflation and relief measures very soon. Finance Minister Christian Lindner noted that the package will have a volume in the order of billions of euros (tens of billions of CZK).

Germany government gasoline market transport money

The article is in Czech

Tags: Germany refueling discount ended price gasoline rose cents overnight

NEXT He started a business when he was young, now he has money and makes millions