Fuel prices rise despite falling crude oil: FPÖ demands immediate measures!

Fuel prices rise despite falling crude oil: FPÖ demands immediate measures!

On April 14, 2025, it can be seen that the fuel prices at the petrol stations in Austria will continue to remain high despite falling crude oil prices. As from ots have been reported since the beginning of the year by 20 percent fallen. This development and the simultaneous decline in the dollar compared to the euro, the FPÖ, in particular through its Secretary General Michael Schnedlitz, loudly criticize that the Austrian traffic light government is able not to intervene in the fuel prices.

Schledlitz sees the high prices for fuels as a rip -off and asks the consumer protection minister to become active. According to him, the state benefits from mineral oil tax, sales tax and CO2 prize, while consumers suffer from the high tank costs. The daily tank process is increasingly becoming a financial effort for many families.

international crude oil prices and market mechanisms

Oil prices are a dynamic topic, which usually fluctuates by several percent a day. The crude oil price is considered the most important indicator of the development of oil prices and is traded on the raw material exchanges of ICE in London and Nymex in New York. Like Heizoel24 , this means that buyers acquire the right to buy a specified amount of oil at a certain point in time.

crude oil varieties such as Brent Crude Oil and Light Sweet Crude Oil (WTI) determine the price depending on the location, whereby the Opec basket price currently includes 13 different types of crude oil. These mechanisms illustrate why regional differences exist and market prices are steadily influenced.

external influences on oil prices

An essential factor for the price adjustments is the global economy. According to BPB , the international demand has continuously increased between 2000 and 2012. The largest consumers of crude oil are the USA, Europe and China. The geostrategic developments in oil production countries and political tensions have been able to increase disproportionate price increases in the past.

In addition, crude oil prices came under pressure due to speculation in the markets and the fluctuating support in important regions, which also affects prices. One example is the oil price increase of over $ 125 per barrel in 2011 due to the conflicts in Libya and tensions between Iran and western countries.