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Fuel prices in Austria: Stable despite the favorable oil situation!
ÖAMTC reports on stable fuel prices in Austria and future price increases due to CO2 pricing.
Fuel prices in Austria: Stable despite the favorable oil situation!
In September 2023, fuel prices in Austria remained almost unchanged, despite a fall in oil prices of almost ten percent compared to the previous year. According to reports from the ÖAMTC The average price for diesel is 1,513 euros per liter, while premium gasoline is slightly more expensive at 1,503 euros per liter. Compared to August 2023, there were only minimal price increases: diesel rose by 0.1 cents and super by 0.7 cents.
The ÖAMTC experts point out that prices should be below 1.50 euros per liter to be acceptable for consumers. Compared to September 2022, the current prices have increased by around two cents. However, over the year, fuel prices were on average cheaper than in 2022; From January to September 2023, diesel was eight cents cheaper and Super was seven cents cheaper than in the same period last year.
Rising CO2 prices and their consequences
The CO2 price rose from 45 to 55 euros per ton on January 1, 2023, and a price corridor of 55 to 65 euros per emissions certificate is planned for 2026. An EU-wide CO2 emissions trading system for building heating and transport is also to be introduced from 2027. These measures aim to create incentives for greater energy efficiency and the switch to climate-friendly technologies.
Economic risks and consumer response
The uncertainty about future CO2 certificate prices poses economic risks for energy suppliers and could lead to an increase in fuel prices. These factors are creating a tense environment for consumers who are already struggling with high costs of living. The Mirror reports that the measures to promote climate neutrality by 2045 not only entail additional burdens, but could also make it necessary to reimburse CO2 price revenue, for example through climate money.
The debate about fuel prices and CO2 pricing shows how closely economic, ecological and social aspects are linked. Consumers, politicians and industry are faced with the challenge of finding viable solutions to achieve climate goals while ensuring affordable energy prices.