While Austrians have to pay at least 1.74 euros for a liter of diesel at the beginning of this week, you can refuel significantly cheaper just 40 kilometers from Vienna: In Hungary, the price of diesel has been capped at a maximum of 1.29 euros by the state. It is even cheaper within the EU but only in Malta: the residents of the popular holiday island refuel their diesel cars for €1.21 per liter, petrol costs €1.34.
Even if fuel prices in Austria have recovered somewhat in the past few days, we are far behind in a European comparison. In Slovenia (€1.54), Poland (€1.58), Turkey (€1.30), Bosnia (€1.61) and Slovakia (€1.67) refueling is cheaper than here .
On the other hand, fuel is becoming more expensive west of Austria. With our German neighbors – who introduced an additional CO2 tax in 2021 – the prices for diesel and petrol are still over 2 euros. In Switzerland, too, diesel costs €2.08 and petrol costs €2.02. However, the record holder for the most expensive fuel in Europe is the Scandinavian country Sweden. You pay €2.41 for a liter of diesel and €2.27 for petrol.
While we continue to have to dig deep into our pockets, oil companies cannot complain at the moment: oil prices fell noticeably again on Monday – this increases the profit margins for BP, OMV and Co. The Austrian state also earns a percentage of higher prices through VAT. On Monday morning, a barrel (159 liters) of North Sea Brent cost $100.41. That was $2.37 less than Friday. The price of a barrel of West Texas Intermediate (WTI) fell $2.38 to $95.88. Crude oil prices are currently being weighed down primarily by the economic situation in China. The zero-Covid policy there is putting the brakes on the economy.