BERLIN, Oct. 5 (Xinhua) -- The German Automobile Club (ADAC) on Monday reported renewed increases in petrol and diesel prices, just days after the government introduced energy tax cuts aimed at easing the impact of high global oil prices on motorists.
According to ADAC, the nationwide daily average price of Super E10 rose to 2.14 euros (2.39 U.S. dollars) a litre on Sunday, up 2.3 euro cents (2.6 U.S. cents) from Thursday. Diesel rose by 0.9 euro cents (1.0 U.S. cent) to 2.25 euros (2.52 dollars) per liter.
To cushion consumers from rising fuel costs amid the Iran war, the German government introduced a three-month cut in energy taxes on petrol and diesel on Oct. 1, reducing the tax burden by around 17 euro cents (19 U.S. cents) per litre, including value-added tax.
The measure is expected to provide around 2.5 billion euros s (2.8 billion dollars) in relief for households and businesses, the government said.
The tax cut initially pushed fuel prices sharply lower. E10 was available for less than 2 euros (2.24 dollars) per litre at many stations shortly after the tax cut took effect, falling by about 14.5 euro cents (16 U.S. cents) per litre on the first day. Diesel prices dropped by about 15.2 euro cents (17 U.S. cents), according to ADAC data.
However, such prices were no longer available at many stations on Monday morning. ADAC said part of the initial relief had already been eroded within days and the renewed rise in Super E10 prices was difficult to explain given only slight changes in crude oil prices and the euro-dollar exchange rate.
The government is also in talks with the oil industry on a temporary fuel price cap, which it aims to introduce on Jan. 1, 2027. ■