The exploding energy costs already set a record in Austria in March 2022. Super costs an average of 1.781 euros per liter, while diesel costs 1.868 euros per liter. Filling up has never been so expensive. In the first half of March alone, fuel prices rose by around 50 cents per liter of diesel and around 40 cents per liter of super.
Then the prices fell again, albeit not massively. Diesel currently costs 1.839 euros per liter, 29 cents less than in March. But the rise in prices isn’t over yet – we were too soon to celebrate: Further price rises are imminent, our politicians are making sure of that.
On the night of Tuesday, the EU heads of government agreed on an oil embargo against Russia at the special summit in Brussels – the eXXpress reported: “Anyone who knows the mindset of the managers of the mineral oil companies now expects a further increase in petrol prices.”
The price of oil is rising again.
The summer will also be exciting: “During the holiday season there could be bottlenecks in petrol, diesel and kerosene,” Fatih Birol, director of the International Energy Agency in Paris, immediately warned: “Until the attack on Ukraine, Russia was a cornerstone of the global energy system. The world’s largest oil exporter, the world’s largest gas exporter, a leading supplier of coal. This energy crisis is much bigger than the oil crises of the 1970s and 1980s. And it will probably last longer.”
The Europeans are in for an expensive holiday.
Meanwhile, Austria is well on the way to becoming the most expensive fuel country in the EU. Other countries are already taking countermeasures. The Germans are lowering the energy tax, so starting in June, refueling will be 30 cents cheaper – despite the traffic light coalition with the Greens in the government. Viktor Orban in Hungary, on the other hand, caps fuel prices. A liter of petrol or diesel now costs 1.24 euros. A 60-liter tank filling in Hungary is around 30 euros cheaper than in Austria.
Austrian motorists are also expecting new measures – but in exactly the opposite direction: From July 2022, CO2 emissions in Austria should cost 30 euros per tonne. This “CO2 tax” will have an impact on heating costs and also on the pump – to what extent, the economic research institute Wifo has now calculated. The entry-level rate will result in a price increase of 7.7 cents (including VAT) per liter of petrol and 8.8 cents (including VAT) per liter of diesel.