Mineral oil companies earn even more at the end of the tank discount

Gas station in Munich

Germany’s petroleum companies have made a lot of money from the tank discount. At the end probably even more.

(Photo: dpa)

Dusseldorf It was not just the start of the “tank discount” at the beginning of June that ensured extraordinary earnings for the mineral oil companies in Germany. Immediately before and after the end of the tax concession, Esso, Aral, Shell and Co. once again collect substantial additional profits. This is shown by the figures from the Munich market monitoring company Benzinpreis.de, which, among other things, accesses the Bundeskartellamt’s market-wide price database.

According to this, after deducting the price of crude oil, mineral oil tax, energy levy and exchange rate losses, the suppliers had a gross profit of 65.6 cents per liter of diesel on Friday – which means they even earned one percent more than on September 1st. Immediately before the end of the “tank discount” their gross profit was even 69.2 cents.

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