Why the prices in Germany differ

Fuel nozzle at a gas station

Europe’s refineries can meet the demand for premium petrol, but not for diesel fuel.

(Photo: Reuters)

Berlin Drivers in Germany also felt the start of the Ukraine war at the gas pump: after the Russian attack, prices for crude oil rose to as much as $130 per barrel. And as a result, fuel prices at gas stations rose immensely.

In the meantime, global recession expectations have eased the situation. Crude oil prices are back at the previous year’s level. At the beginning of the 50th calendar week, Super E5 fuel was still a good four percent more expensive than a year ago, but it was cheaper again than when the war began at the end of February.

For diesel, on the other hand, motorists still have to pay around 16.5 percent more than a year ago. “This clear difference between the two fuels can be explained by the fact that Europe’s refineries can meet the demand for super, but not for diesel,” says a study by the Cologne Institute of the German Economy (IW), which is available to the Handelsblatt .

Read on now

Get access to this and every other article in the

Web and in our app free of charge for 4 weeks.

Continue

Read on now

Get access to this and every other article in the

Web and in our app free of charge for 4 weeks.

Continue

source site-14