The reduction in energy tax that has been in effect since midnight has led to a significant drop in fuel prices at many petrol stations. As the ADAC announced on Wednesday, E10 was around 30 cents per liter cheaper at the 9:50 a.m. deadline than 24 hours earlier, and diesel around 14 cents. “The lowering this morning went faster than expected. That’s a good step in the right direction. But there is still a long way to go,” said ADAC fuel market expert Christian Laberer.
Including VAT, the relief for E10 is 35.2 cents per liter, for diesel 16.7. On a nationwide average, E10 cost 1.881 euros per liter on Wednesday at 9.50 a.m., according to ADAC, diesel 1.941 euros. Around this time, the fuel price on normal days is usually slightly higher than the later daily average. Overall, there is a lot of movement, said Laberer.
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Calculated from the daily average values of Tuesday, according to Laberer, a complete transfer of the tax reduction for E10 would result in prices of around 1.80 euros per liter, for diesel around 1.87 to 1.88 euros. That will probably not be reached on Wednesday as a daily average, he said.
But even if he did, it would still be far too high in his opinion. “There is still a lot of room to go down in prices,” emphasized Laberer. Roughly estimated, they are around 20 cents per liter too high, said the ADAC expert.
A quick evaluation of the prices at around 400 petrol stations in Munich, Berlin and Hamburg between 6 a.m. and 7 a.m. by the German Press Agency, using ADAC fuel price data, came to similar results. While not all gas stations have significantly reduced their prices, the vast majority saw a clear difference just a few hours after the tax cut.
The Federal Association of Independent Gas Stations also assumes that the tax reduction will reach customers. “At first glance, the measure seems to have been passed on as far as possible,” said the association’s managing director, Stephan Zieger, of the German Press Agency.
Before the tax cut, it was expected that fuel prices would not fall abruptly on Wednesday. The reason for this is that the reduced tax does not apply to sales at the pump but from the tank farm or refinery.
This means that all gas station supplies delivered before midnight are still subject to the normal higher tax rate. The fact that the majority of petrol stations have already reduced their prices significantly could be a result of the high level of public attention and the associated competitive pressure.