The petrol price is rising again and is almost at the level of before the excise tax cut in April. The suggested retail price for E95 is now 2.36 euros according to United Consumers, if you exclude the reduction (17.3 cents excise tax plus 3.633 cents VAT), the price would now be 2.57 euros for E95, 7 cents more than the peak price on the 8th of March.
The uncertain geopolitical situation, the sanctions that the EU intends to impose on Russian oil, the increased oil price, the increased dollar exchange rate and the sharp rise in energy prices are cited as the reason for the recently sharp rise in petrol prices, but looking at recent developments, this does not appear to be the case. much of it to beat.
For example, the oil price on March 8 was at $122.23, against a dollar exchange rate of 0.9177 euros, while on May 26 it was at $113.37, against a dollar exchange rate of 0.9320 euros. Calculated in euros, the oil price on March 8 was therefore €112.17, compared to €105.66 on May 26.
Now, for the sake of convenience, we ignore the fact that the oil price does not directly influence the gasoline price at the same time. The oil that is now purchased must first go to the refinery to be processed.
The Shell website explains the price structure of petrol. About 21% is accounted for by the price of crude oil, to which about 2% must be added for refining. About 14% of the price is determined by transport and operating costs.
If we translate that into recent price developments, it would mean that as a result of the 6% lower oil price, the price at the pump should have fallen by about 3 cents, while excluding the excise duty reduction, the price has actually increased by 7 cents.
Compared to March 8, the pump price has in fact become 10 cents more expensive, which is attributable to refining, storage and transport and operation – according to Shell together responsible for 16 percent of the price.
However, there is no argument that the costs for refining (2%), storage and transport (3%) and operation (11%) should be 10 cents more expensive now than two months ago. Although the costs for gas and energy have exploded in a year, they are reasonably stable compared to the beginning of March.
The only thing we can think of to explain that higher price is that margins have increased enormously in the refining process. Energy expert at the Hague Center for Strategic Studies Jilles van den Heuvel tells the NOS that it is currently the season to carry out maintenance.
Add to that the fact that the number of small refineries has declined in recent years and you can feel that the big boys who still work for the European countries are asking a much higher price.
As of June 1, Germany will reduce the excise duty by the maximum amount that is allowed in the EU in accordance with the rules, E95 will then cost about €1.70 there – 66 cents compared to the current suggested retail price in the Netherlands and still 46 cents compared to compared to the lowest prices at the unmanned pump.
– Thanks for information from Motorfreaks.