Highest fuel prices in Europe recorded in the Netherlands, Denmark and Germany
Petrol and diesel prices in the Netherlands, Denmark and Germany are higher than in any other European country, the German Federal Statistical Office (Destatis) said.
In early March, prices for standard E10 fuel and diesel at gas stations in Germany topped the 2 euro ($2.18) per liter mark. The country’s Federal Cartel Office (BKartA) said on Monday that it would closely monitor prices in response to the development.
Fuel prices were even higher in the Netherlands and Denmark, at 2.11 euros and 2.09 euros respectively. However, Germany had the highest diesel prices of any European country as of April 4, according to Destatis.
The German government has adopted several measures to cushion the effects of rising energy prices, including an increase in the tax-free basic allowance and higher mileage allowances for long-distance commuters, the agency reported. Xinhua press.
In addition, the energy tax on diesel and gasoline in Germany is to be temporarily reduced by 14 euro cents and 30 euro cents per litre, respectively. To make local public transport more affordable, a special 90-day ticket will be made available for just nine euros per month.
Fuel costs are lowest in Poland where the price of the E5 is only 1.42 euros.
These figures were based on data from the European Commission and the Fuels Market Transparency Unit (MTU Fuels) of the Federal Cartel Office. (1 Euro $1.09)
(Only the title and image of this report may have been edited by Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)