Economy

Price differences of 20 cents per liter of petrol at petrol stations

According to the Bundeskartellamt, Germany is in the middle of the European gasoline price range.

According to the Bundeskartellamt, Germany is in the middle of the European gasoline price range.

Shutterstock

  • The price of crude oil has dropped dramatically since the beginning of the year, but consumers have been reluctant to do so.
  • As the “Welt” reported, there are now price differences of up to 20 cents per liter of petrol or diesel at German petrol stations.
  • In a new report, the Bundeskartellamt points out that motorists’ fuel decisions could have a certain influence on price developments.

Prices are currently going up and down at German petrol stations. As the “Welt” reported, the extreme demand for heating oil in a region around Munich had led to a shortage of diesel and the price of liters had exploded for a short time. Instead of the usual price difference of ten cents and more between the two types, the price difference for the liter of diesel and gasoline was suddenly only two cents, diesel became almost as expensive as gasoline.

So far, such drastic price differences were almost impossible due to the tax advantage in favor of diesel compared to petrol of around 18 cents per liter.

As the Bundeskartellamt explains in its “Annual Report on the Market Transparency Unit for Fuel Prices”, gasoline prices will fluctuate even more in the future. For drivers, this means that looking at the price chart at German petrol stations could be worth more money than ever.

NewsABC.net Read Too

Future tank: How combustion engines could still depend on electric cars

The current study shows that there is an average daily price difference of around ten cents per liter of petrol or diesel at one and the same petrol station. Within a city or region, the price gap is up to 20 cents per liter a day.

A 50 liter tank filling can therefore cost ten euros more or less. Taking advantage of this fact could actually have a certain impact on price developments, as the Cartel Office notes. Cartel Office President Andreas Mundt pointed out that drivers “could give their fuel decision competitive impulses,” reported the “world”.

Change prices
multiple times during the day

According to the comprehensive
Study prices in the evening between 6 p.m. and 10 p.m.
lowest. It is most expensive in the morning between five
O’clock and eight o’clock. The trend is towards even more common ones
more pronounced price changes.

“Fuel prices change frequently and significantly over the course of the day,” says Mundt. For example, petrol stations raise the price of premium gasoline on average five times a day and lower it between eight and eleven times. The individual price cuts are correspondingly small.

NewsABC.net Read Too

The EU wants to support the car industry and is considering a purchase premium – but only for “cleaner cars”

Especially more expensive
However, providers would resort to price tricks and the liter prices
even during the low price phase in the evening from around 7 p.m.
lift once. The rest of the service station operators would
Only increase gasoline prices significantly during the night
and keep them high until morning.

Those who fill up at a motorway service station generally have to expect significantly higher prices. Here, the oil companies take 20 to 25 cents more off the driver per liter than in the surrounding area.

However, the price difference between the different petrol stations is relatively stable. Cheap petrol stations usually remain relatively cheap, while expensive stations are expensive. The price differences between city and country are on average rather small.

An oversupply of crude oil and a decline in demand as a result of the Corona crisis had led to an unprecedented drop in crude oil prices since the end of the year. However, this rapid drop in prices was very slow to reach consumers. The automobile club ADAC had recently criticized that gasoline prices at petrol stations were too high.

Tags

Related Articles

Back to top button
Close
Close