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The Bundeskartellamt has published its 2019 annual report on the work of its Market Transparency Unit for Fuels today.
Andreas Mundt, President of the Bundeskartellamt: “There are significant differences in the fuel prices charged by the various petrol stations, and prices change considerably and several times in the course of the day. This can result in a price difference of up to 20 cents per litre within a town or region. Staying informed and selecting cheaper petrol stations at specific times of the day can thus really save money. Prices are usually at their lowest in the evening between 6 p.m. and 10 p.m. Comparing prices can also be worthwhile for business customers, even if they use fleet cards. In an example of a freight forwarder with five 40 ton trucks we calculated a savings potential of more than 12,000 euros per year.”
The Bundeskartellamt’s Market Transparency Unit for Fuels continuously monitors the trade in fuels, collects fuel prices from more than 14,750 petrol stations across Germany and passes them on to authorised consumer information services. Motorists can call up the information from a number of information service providers, both online and via mobile apps. The new annual report mainly focuses on the observations that could be made for 2019. Due to current circumstances the report also deals with the special developments of the past few months.
Andreas Mundt: “Apart from other factors, the effects of the corona crisis have also contributed to a significant fall in oil prices since early 2020. This development also involved a decline in petrol station prices, albeit with some deviations. In mid-April, the gap between the crude oil price and petrol station prices almost reached the level of early 2020 again.”
Results of the annual report:
The full report including further information and illustrative examples is available at the Bundeskartellamt’s website (in German only).
In addition, you can also download the following graphic charts from our website: