Fuel prices drop at the beginning of spring: cheapest month 2025

Fuel prices drop at the beginning of spring: cheapest month 2025

Oberösterreich, Österreich - The fuel prices in Austria are pleasant at the beginning of spring. In March 2025, prices for diesel and great sank, which makes this month the cheapest tank month of the year. According to ÖAMTC on average 1.543 euros per liter, which a decrease of 6.4 cents represents compared to the previous month. The price for Super also fell by 6.6 cents, so it was 1.512 euros per liter in March.

Compared to the higher prices in March 2024, where Diesel was 14 cents and super more expensive by 10 cents, the current values ​​are particularly positive. The lowest prices in the past were below 1.50 euros in September 2022. Currently there was great under this value on many days, while diesel was mostly above it.

influence of crude oil prices

The price reductions are primarily due to the low crude oil prices that rose again at the end of March 2023 and thus caused the climb to the petrol pumps. Tagesschau reports that petrol and diesel are currently as cheap as they have not been in three years. The average price for Super E10 is 1.636 euros, diesel costs an average of 1.530 euros. This drop in prices primarily benefits the car commuters, while holidaymakers may have to expect higher prices in the summer.

The stable prices are favored by a strong euro. The euro course is currently over $ 1.11, which lowers the cost of oil for non-dollar buyers. In addition, the Brent Prize fell under $ 70 per barrel for the first time since the end of 2021. The demand forecasts have been clouded, which is reflected in the forecast for global oil demand that was corrected from 1.2 million to 900,000 barrels per day.

context of energy supply

The uncertainties in the global energy markets are influenced by the economic situation in China and the geopolitical tensions. China's share of global demand growth dropped drastically from 75 % to only 20 % due to a weaker economy and the increase in electric vehicles. As explained in a report by the International Energy Agency , growth of the LNG demand is forecast of over 2.5 % per year, whereby the majority of the new export capacity from the USA and Qatar comes.

In addition, there is a possibility that the Opec+ production cuts of 2.2 million barrels could gradually reduce per day, which in turn will influence oil prices. Experts warn of a possible oversupply of oil and further falling prices, which could lead to a price correction at short notice. The combination of lower energy prices and political implications, especially with regard to the US elections in November, remains another factor that could influence market development.

Overall, it can be seen that the current trends in the fuel prices are characterized by local and international developments. It remains to be seen whether the positive development of prices will last in the long term or whether it will get back in the near future.