Oil price, CO2 price, Kazakhstan: Diesel is more expensive than ever

Oil price, carbon price, Kazakhstan
Diesel is more expensive than ever

A liter of diesel costs 1.584 euros on average on Sunday – the highest price that the ADAC has ever measured. The high costs are also fueled by the unrest in Kazakhstan. The increased CO2 price is also a burden for diesel drivers.

The intermittent relaxation at the gas pump is over. Diesel drivers currently have to pay more for their fuel than ever before, as the ADAC announced. In the nationwide daily average on Sunday, a liter of diesel cost 1.584 euros. This is the highest value ever measured by the traffic club.

Oil price 81.54

E10 premium petrol hit the books at 1.659 euros per liter, which is just 5 cents away from its record level from 2012. “For people who have a diesel and have to drive to work, the prices are already hefty,” said ADAC fuel market expert Jürgen Albrecht. “With the diesel price everything comes at the same time. The typical seasonal increase, the expensive oil and the increase in the CO2 tax at the beginning of the year.”

The increase in the CO2 price amounts to around 1.5 cents per liter of fuel. The oil price had recently risen against the background of the unrest in the producing country of Kazakhstan. Also noticeable is the very small gap of 7.5 cents between the diesel and the Super E10. “From the point of view of the tax situation, it would actually be a good 20 cents,” said Albrecht. However, it is typically lower in winter. “On the one hand, this is due to the fact that diesel then becomes more expensive due to the higher demand for heating oil. On the other hand, travel, which primarily drives gasoline demand, is lower in the first few months of the year. In summer it is typically exactly the other way around and the gap is accordingly usually higher . “

Now it depends on the oil market

The fuel prices hit capers last year. After a very favorable start, Diesel reached an all-time high in autumn, which has now been exceeded again, with premium petrol just barely past its record values. November was the most expensive month for refueling ever. After that, prices fell for a few weeks before they went up again.

“The year 2022 will be exciting,” said Albrecht. But it is not yet possible to say whether it will be a record year. “The oil market, which is of central importance here, is ultimately not a one-way street, and prices can fall again – depending on how the economy and the coronavirus develop.”

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