The fuel tax cut only applies until the end of the month. After that, petrol and diesel will become more expensive: for fuel leaving the storage depot or refinery from July 1, the old, higher tax applies. Including VAT, that amounts to 16.7 cents per liter, according to ADAC fuel market expert Christian Laberer.
Exactly when prices will rise is unclear. Due to the 12 o’clock rule, gas stations can only raise prices at midday. Laberer expects many stations to make the big jump either at midday on June 30 or at midday on July 1. On the morning of July 1, fuel may still be discounted in many places. “With June 29, you’re probably on the safe side,” advises Laberer.
The fuel tax cut costs the federal government around 1.6 billion euros. Whether the relief was fully passed on to customers is disputed. The Monopolies Commission estimates that 100 to 200 million euros did not reach consumers. For a typical petrol car driving 9,500 kilometers per year, the discount theoretically brought savings of around 21 euros.
Source: www.handelsblatt.com
