Business

Current data and charts: How are fuel prices developing?

Current data and graphs
How are fuel prices evolving?

A discount on the fuel tank has been in effect in Germany since the beginning of June. The price trends for Super E5, Super E10 and diesel are evaluated by ntv.de in graphs updated daily. The situation at a glance.

With the tank discount, consumers in Germany are expected to be significantly relieved of the fuel price from 1 June. A temporary reduction in the energy tax by the end of August will mean 35.2 cents less in taxes and duties per liter than the Super E5 and E10, and the fixed reduction for diesel is 16.7 cents. For the fuel price brake to take effect as a real relief, as planned politically, the tax cut must also affect the price at the pump.

ntv.de evaluates the current situation here in graphs updated daily. The data is based on national average prices officially validated by the Fuel Market Transparency Office (MTS-K), which are always published on Thursday or Friday and are therefore available by the end of the previous calendar week, as well as on provisional approximate data values ​​calculated by ntv.de for average prices on days without validated data. To calculate provisional prices, ntv.de uses the data published daily as open data from the “Tankerkönig” portal, which is approved by MTS-K as an official consumer information service.

Current national average prices

The graph shows the national average prices in real time and the number of petrol stations in Germany where the respective fuel could be purchased at the time of the data request. The update interval is five minutes. During the day, average prices are subject to considerable fluctuations, some of them in the order of double-digit cents. The following graph shows the trend of the average price of each fuel during the current day, this means that at midnight the lines restart on the far left.

Trend: price per liter of development

After the price per liter of all fuels increased significantly again in the last days of May (as did the price of crude oil), it initially fell sharply with the introduction of the tank discount on June 1st. Although the price cut for all three fuels was well below the fuel tax cut (see chart below), despite the price of crude oil falling, prices started to rise again on June 2.

Does the fuel discount go to the pump?

If the other framework conditions remain unchanged and the oil companies fully pass on the price reduction through the brake on the price of fuel to the citizens, the price per liter of gasoline (E5 and E10) would have to drop by 35.1465 cents. Of these, 29.55 cents are due to the reduction in the energy tax and 5.6145 cents to the reduced VAT (19 percent of 29.55 cents). In the case of diesel, it would be a total of 16.7076 cents per liter (reduction in energy tax of 14.04 cents + 2.6676 cents reduction in VAT).

The graph of the three fuels shows by how many cents the national average price has decreased in absolute terms since the beginning of June compared to the last price before the entry into force of the brake on the price of fuel – or increased, as in the case of diesel in Meanwhile. The vertical scale shows what percentage of the possible discount on the tank was actually made on the respective day.

A low percentage of the realized tank discount indicates that the tank discount is not working as expected, as there is no noticeable relief at the pumps. However, this does not necessarily mean that the unrealized tank discount remains with the oil companies. In addition to higher profit margins for companies, numerous other factors such as rising procurement costs or bottlenecks in deliveries and refineries can ensure that the tank discount does not or only partially affect the price per liter.

Trend: product price development

Another evaluation from ntv.de shows the price trend of the product since June 1st. The price of the product is the second major component that makes up the price of fuel in Germany, along with the fixed taxes and VAT charged by the state. It is set by the companies and, in addition to the costs of producing, transporting, selling and procuring the products (for example the price of crude oil), it also includes the profit per liter of fuel sold.

The graph shows that the product price for diesel jumped 5 cents from May 31 to June 1 to € 1.21 and has continued to rise almost continuously to over € 1.30 since then. The total increase amounts to 15 cents, which in turn almost corresponds to the discount on state tanks.

Significant increases in product prices were also recorded for the Super E5 and E10, but these were less than a maximum of 12 cents. According to provisional data from ntv.de, a decline appears to have occurred since 12 June. Since at the same time the state tank discount for gasoline types is higher due to the tax breaks that still apply to diesel, the tank discount realized for the E5 and E10 is in any case significantly higher.

About the author

hiyabad

Leave a Comment