All motor fuel prices in Germany saw above-average price increases and were up 23.3 per cent in April compared to those in 2020, the Federal Statistical Office (Destatis) announced on Wednesday.
Consumer prices as a whole and inflation in Germany only grew 2.0 per cent during the same time, according to Destatis.
“The end of the temporary reduction of value-added tax and the introduction of the CO2 charge have had an upward effect on motor fuel prices,’’ Destatis said.
Since January, fossil fuels in Germany is charged 25 euros ($30.60) per ton of CO2.
Destatis noted that low fuel prices in 2020 would lead to very high year-on-year rates of price increases for crude oil at present and in the coming months to (1 euro = $1.22).