The question of fuel prices is a concern for many drivers. Currently, fuel prices at gas stations continue to decrease, with diesel fuel, in particular, becoming cheaper once again.
Related topic: UN climate conference calls for a move away from fossil fuels
The average price for a liter of diesel fuel nationwide is 1.696 euros, which is 1.9 cents less than the previous week. Super E10 has also decreased by 1.5 cents, averaging 1.717 euros per liter. This marks the eighth consecutive week of falling fuel prices.
What will happen to fuel prices: Grim forecast
The primary reason for the decrease in supply volumes is primarily the drop in crude oil prices. The Brent crude oil barrel currently costs around 73 US dollars, approximately 4 dollars less than the previous week.
This means that oil prices are close to the lowest level in almost six months. Despite the reduction in taxes on diesel fuel, the current price difference compared to gasoline is only 2.1 cents.
Starting January 1, 2024, refueling and heating with fossil fuels will become more expensive than originally planned.
The coalition led by Minister of Economy Robert Habeck and Minister of Finance Christian Lindner has decided to raise the CO2 price not to 40 euros per ton, as planned, but to 45 euros.
The current price for CO2 is 30 euros per ton.
The increase in the price of CO2 emissions is part of the initial pricing plan of the Grand Coalition. Further increases to 55 euros per ton are planned for 2025.
According to ADAC:
- Gasoline engines can expect additional costs of 1.4 cents per liter. In total, a liter of gasoline may cost about 4.3 cents more.
- Drivers of diesel cars may face a surcharge of 1.6 cents, leading to an overall price increase of approximately 4.7 cents.
- Natural gas also becomes more expensive by 0.39 cents, and heating oil by 4.8 cents per liter.
The prospects are quite bleak for all drivers in Germany. Next year, they will undoubtedly have to spend more money at the gas stations.
Related topics:
The UN climate conference calls for a shift away from reliance on fossil fuels, which is in contrast to the current decrease in fuel prices. Despite the drop in crude oil prices, the price difference between diesel and gasoline remains slim, hinting at future price increases.
In response to this, the German coalition plans to raise the CO2 price from 40 to 45 euros per ton, expected to increase fuel prices starting January 1, 2024.
