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Fuel prices in Austria fall

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Fuel prices at gas stations fall now. Diesel costs 2,169 euros on average. Before, the price was 2,250 euros. Super petrol costs 1,862 euros now. Before, it was 1,943 euros.

The fuel price break starts on Thursday. It lasts until November 30. The price drops by 12 cents per liter. The state lowers taxes for oil. Companies make less profit.

Experts hope for lower inflation. Inflation means that things cost more money. Prices rise fast. The traffic club criticizes the measure. Rich people save more money than poor people.

Prices fall in Germany too. Germany has a tank discount. Prices drop by about 13 cents. Europe releases more diesel reserves. This makes the supply safe.

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Definitions

Inflation
Inflation means money loses value. You buy less for the same money. Prices for goods rise.
Mineral oil tax
This is a tax by the state on fuel like petrol or diesel. It is part of the price.
Margin limit
A margin is the profit of a company. A limit means firms make less profit per liter.

Locations

Austria
A country in Europe with a new fuel price break.
Germany
A neighbor country of Austria with a tank discount.

Sources

Logo Die Presse
Die Presse

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Logo Standard
Standard

Treibstoffpreise zum Start der Spritpreisbremse spürbar gesunken

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Logo VOL
VOL

Spritpreisbremse senkt Treibstoffpreise in Österreich

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Südtirol News

Treibstoffpreise zum Start der Spritpreisbremse gesunken

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