Diesel disaster: fuel tax relief completely devoured | money

What a mess!

Diesel is again more expensive than it was before the June 1 tax cut. With 2,054 euros per liter in the national daily average on Sunday, the price exceeded the value of 31 May, when a liter had cost 2,044 euros, as announced on Monday (20 June) by ADAC on request.

The tax relief of 16.7 cents per liter was thus completely absorbed by the price increase.

Fuel had already hit the May 31 mark last Friday and passed it again for the first time on Saturday, but this has only now been announced. The Super E10 on Sundays costs 1,913 euros per liter, unlike diesel, it has become cheaper in recent days.

The tax relief on fuels that applies from June to August is intended to relieve consumers in view of the high prices of fuels.

Including VAT, this is 35.2 cents for premium gasoline and 16.7 cents for diesel. However, the drop in prices after the law went into effect never reached this level. The Super E10 cost 23.8 cents less on Sunday than the day before the tax cut, which, according to federal government calculations, will result in a loss of revenue of € 3.15 billion.

The tax cut was and still is the subject of criticism.

Recently, there have also been allegations that much of the measure will not benefit drivers, but the oil industry.

On the other hand, after comparing prices in France, the Ifo Institute in Munich came to the conclusion that the discount for diesel has been fully and largely passed on for petrol. The mineral oil industry has recently referred to an increase in prices and purchase costs. The Bundeskartellamt is studying the trend in fuel prices. However, he has repeatedly stressed that high prices alone cannot be banned.

After the start of the war in Ukraine, fuel prices in Germany had risen to unprecedented levels.

According to data from the ADAC, diesel reached its previous high on 10 March with a national daily average of 2.321 euros per liter and on 14 March E10 with 2.203 euros. Both fuels then temporarily dropped below two euros in April, before a new upward trend began, interrupted only briefly by the tax cut earlier this month.

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