Over the past two weeks, fuel prices have seen a decrease following the implementation of a reduced consumption tax.
However, the reduction has not been as substantial as anticipated, and a slight stabilization of international oil prices is also noted.
The application of the reduced tax rate came into effect on November 3.
Consumers benefit from an 8.33 cents per liter reduction in the prices of unleaded petrol and diesel, as well as a 6.33 cents per liter reduction in the consumption tax for heating oil.
The reduced tax rate will remain in effect for automotive fuels until February 2024, while for heating fuels, it extends from December to March 2024.
In the latest EU Bulletin oil report released last Thursday, referencing prices on December 4, 2023, the price of unleaded petrol with an octane rating of 95 was €1,406.9, down 0.49% from the previous week’s average of €1,416.65 (November 27).
The average price of diesel on December 4 was €1,550.07, marking a 1.46% decrease from €1,573.8 one week prior.
According to the European price index, the heating oil price in the latest measurement was €1,129.05, reflecting a 0.79% reduction from €1,138.18.
The average price of unleaded petrol in the EU “19” on the reporting date was €1,751.64, down by 0.62% from €1,762.79 a week ago (November 27).
The average selling price of diesel is €1,708.33, a 0.63% decrease from €1,719.53. The average heating oil price in the EU “19” was €1,163.44, showing a weekly decrease of 0.93% from €1,174.