Gas stations fear jams from June due to tank cuts
The federal government’s reservoir discount will be in effect starting June 1. The energy tax on gasoline was reduced by 30 cents and on diesel by 14 cents. Gas station operators are already afraid of a big rush and are advising not to run the tank completely empty until June.
DrThe gas station industry is preparing for potential bottlenecks at petrol pumps as part of a planned energy tax exemption on petrol and diesel starting June 1. The president of the Federal Federation of Free Gas Stations Dred El White warned, in the “Rheinische Post”, that “the high demand by motorists will meet the shortage of supply.”
According to Aral, she said, “We are ready, the logistics chains are strong, so it is also possible to deliver short-term shipments to gas stations.” Driving is almost completely empty before that.”
From the beginning of June to the end of August, refueling will become cheaper by lowering the energy tax on fuel to the minimum allowed in the European Union. The tax rate for gasoline will be reduced by about 30 cents and 14 cents for diesel.
At the same time, the tax burden is reduced even more – because the value-added tax is no longer due on the part of the energy tax that is no longer applicable. As confirmed by the Federal Ministry of Finance, the total tax exemption is 35.2 cents per liter of gasoline and 16.7 euros per liter of diesel. After the Bundestag agrees, the Bundesrat must also vote on coalition plans on Friday.
The director general of the Fuel and Energy Association, Christian Kochen, told the Rheinische Post that the sharp cut in energy taxes presents a double challenge for gas station companies. On the other hand, they will try to reduce their inventory by June 1st so that they can sell as little taxable fuel at the cheapest possible price from June onwards. On the other hand, motorists are expected to drive to the petrol pumps en masse from June 1 at all times to fill up empty tanks. “Therefore, temporary jams at stations cannot be completely ruled out,” Cushing said.
According to the information, the energy tax on fuel is imposed in refineries and tank farms and not in the gas stations themselves, and therefore every liter of diesel fuel delivered by gas stations before June 1 will cost them more than June 1. From June onwards, sales prices can be expected to drop significantly, regardless of the cost of goods when purchased.
“Everything in Stock” is the daily stock exchange snapshot from the WELT Business Editorial Team. Every morning from 7 am with our financial journalists. For stock market experts and beginners. Subscribe to the podcast at spotifyAnd Apple podcastAnd amazon music And Deezer. or directly via rss feed.