Urgent.News

What's breaking now, across thousands of outlets.

Business

Mobility costs: September to be most expensive month for refueling

The records can no longer be prevented, even if fuel were to be given away from now on.

Translated from German Read in German

Mobility costs: September to be most expensive month for refueling

Berlin - September is set to become the most expensive month for fuel, according to data from the ADAC, which has been evaluated by dpa. Even if petrol and diesel were given away for free on the last day of the month, the monthly average would still exceed the previous record set in August and April. If the price remains within normal patterns at the end of the month, E10 premium petrol is expected to cost around 2.27 euros, while diesel is expected to range between 2.38 and 2.39 euros.

These are 10 cents higher than the current record prices for E10 at 2.145 euros and diesel at 2.263 euros, as reported by the ADAC. The main driver behind the high prices is the Iran war, which has significantly reduced oil exports from the Gulf region. Additionally, a shortage of refinery capacity also contributes to the rising prices.

Starting from October, fuel prices are expected to drop. The new fuel rebate, which reduces the tax burden on diesel or petrol by nearly 17 cents per liter, will take effect from Thursday, 0.00 a.m.

Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at handelsblatt.com →

More in Business

More from Wednesday 30 September →