Fuel Prices Rise in Germany, But No Need to Panic: 90-Day Reserves Available
The sharp rise in the prices of gasoline, diesel, and heating oil in Germany has raised concerns among drivers and homeowners. However, energy experts say that despite the current situation, there is no need to panic-buy fuel, as the country has sufficient reserves.
Fuel prices in Germany are now at their highest levels since the Ukraine crisis began. Meanwhile, organizations involved in solar and wind energy are again emphasizing the need to reduce dependence on fossil fuels.
Experts believe that fuel prices fluctuate rapidly during global crises because they are directly influenced by the international energy market.
Electric Cars Gaining Benefits
Due to the rise in fuel prices, operating electric cars has become even cheaper compared to combustion-engine vehicles.
According to several reports, the cost of running electric cars can be up to 50% lower than that of conventional petrol or diesel vehicles.
Taxes Are Also a Factor in Rising Prices
Fuel prices in Germany are not rising only because of the international market. High taxes, including the controversial CO₂ tax, are also a major factor.
These taxes further increase the retail price of petrol and diesel for consumers.
Germany Has Three Months of Fuel Stock
According to the energy industry, Germany’s fuel supply is currently secure.
According to the German Petroleum Stockpiling Association, the country has at least 90 days (approximately three months) of reserves, including:
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Crude oil
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Petrol
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Diesel
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Heating oil
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Jet fuel
This means that even if oil imports suddenly stop, the country’s supply will not be immediately affected.
Don’t Panic Buy
Energy sector organization UNITI has urged people not to panic-buy large quantities of fuel or heating oil.
According to Dirk Arne Kuhrt, Managing Director of UNITI’s Heating Market Competence Center, consumers should make purchases based on their needs and market conditions. This allows them to better take advantage of price fluctuations.
Although fuel prices in Germany have increased due to the international crisis and high taxes, there is currently no immediate risk of a major supply shortage thanks to the country’s sufficient reserves.
Experts say that instead of panicking, consumers should monitor the market and make purchases accordingly.
