Lexi Webster
The price of petrol in Austria, as with anywhere, is subject to fluctuations due to a variety of factors, including changes in international benchmark prices, the value of the euro relative to other currencies, and the levels of competition in different areas. The Ministry of Development and Tourism in Austria publishes average fuel prices weekly, providing insight into the current costs and changes over time. With this dynamic nature of fuel pricing, what is the current state of petrol prices in Austria, and what influences its direction?
| Characteristics | Values |
|---|---|
| Regular 92 | € 0.993 |
| Super 95 | € 0.992 |
| Premium 98 | € 1.157 |
| Diesel | € 0.936 |
| LPG | € 0.649 |
| Regular 92 | € 2.101 |
| Super 95 | € 2.102 |
| Premium 98 | € 2.282 |
| Diesel | € 2.092 |
| LPG | € 1.380 |
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$39.98 $54.99
What You'll Learn
Factors influencing fuel prices
Several factors influence fuel prices in Austria, including both international and domestic considerations. The fundamental economic principle of supply and demand plays a significant role in determining fuel prices. For example, the war in Ukraine decreased the supply of oil, especially with sanctions placed on oil-rich Russia, while concerned countries increased their demand, leading to higher prices. Global markets trading in US dollars also influence fuel prices, as the value of the euro relative to the US dollar impacts the cost.
Domestic factors specific to Austria also affect fuel pricing. Austria has only three major mineral oil companies, which creates an environment where a price-fixing deal could potentially occur more easily. Processing and distribution costs, company profits, taxes, and government policies also play a role in determining fuel prices within the country. One suspicion is that domestic oil distributors may not fully pass on reductions in international prices to maintain their profit margins.
The federal government has considered various measures to address rising inflation and fuel prices, including implementing a fuel subsidy, reducing taxes, and investigating potential price-fixing practices. Neighbouring countries have also taken similar short-term actions, such as Hungary setting a maximum fuel price, which has made Austrian petrol comparatively more expensive.
In addition to these factors, fuel prices in Austria can be influenced by levels of competition in different areas and pricing decisions made by wholesalers and retailers. These factors collectively contribute to the fluctuations in fuel prices observed within the country.
As of March 28, 2025, the average fuel prices in Austria, according to the Ministry of Development and Tourism, are as follows:
- Regular 92: € 0.993
- Super 95: € 0.992
- Premium 98: € 1.157
- Diesel: € 0.936
- LPG: € 0.649
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Cheapest petrol in the EU
Fuel prices across the EU fluctuate due to a combination of factors, including changes in international benchmark prices, the value of the euro relative to other currencies, and levels of competition in different areas. As of February 2024, Austria's fuel prices were as follows:
- Regular 92: €0.993
- Super 95: €0.992
- Premium 98: €1.157
- Diesel: €0.936
- LPG: €0.649
When compared to its neighbouring countries, Austria's fuel prices are relatively competitive. For example, as of the same period, fuel prices in Italy were significantly higher, with petrol costing €2.10 per litre. Similarly, in Germany, petrol prices ranged from €1.81 to €2.10 per litre.
While the data does not provide a comprehensive overview of the cheapest petrol prices across the entire EU, it does suggest that Austria offers relatively affordable fuel options for motorists. It is worth noting that fuel prices can vary even within a single country, depending on factors such as regional taxes and transportation costs. Motorists are advised to consult up-to-date sources for the most accurate and current fuel price information when planning their journeys.
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Comparison to prices a week ago
As of 28 March 2025, the price of Regular 92 petrol in Austria is €0.993 per litre, Super 95 is €0.992, Premium 98 is €1.157, Diesel is €0.936 and LPG is €0.649.
A week ago, on 26 February 2024, the price of petrol in Austria was as follows: Regular 92 was €2.101, Super 95 was €2.102, Premium 98 was €2.282, Diesel was €2.092 and LPG was €1.380.
Comparing the prices from a week ago, we can see that the cost of petrol in Austria has decreased across the board. The price of Regular 92 petrol has dropped by €1.108 per litre, Super 95 by €1.11, Premium 98 by €0.125, Diesel by €1.156 and LPG by €0.731. The decreases range from a 36% drop for LPG to a 53% decrease for Super 95.
These significant decreases in fuel prices over a one-year period may be attributed to various factors, such as changes in international benchmark prices, the value of the euro relative to other currencies, levels of competition, and pricing decisions by wholesalers and retailers.
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Comparison to prices a month ago
A month ago, on 26 February 2024, the price of Regular 92 petrol in Austria was €0.993, Super 95 was €0.992, Premium 98 was €1.157, Diesel was €0.936, and LPG was €0.649.
Comparing these prices to today's prices, there has been a significant increase across all fuel types. The price of Regular 92 petrol has increased by €1.108, from €0.993 to €2.101. Similarly, Super 95 has gone up from €0.992 to €2.102, reflecting a price hike of €1.11. Premium 98, which was previously €1.157, now stands at €2.282, seeing an increase of €1.125. Diesel prices have also risen sharply, going from €0.936 to €2.092, which is a difference of €1.156. The greatest increase, however, is observed in LPG prices. A month ago, LPG was priced at €0.649, and now it costs €1.380, representing a substantial increase of €0.731.
These price hikes indicate a notable change in fuel costs over the past month in Austria. The increases are evident across the board, affecting all fuel types, with LPG experiencing the most significant surge in price. It is worth noting that these prices are subject to change and are influenced by various factors, including international benchmark prices, the value of the euro relative to other currencies, competition in different areas, and pricing decisions by wholesalers and retailers.
The Ministry of Development and Tourism in Austria closely monitors fuel price trends, providing weekly updates to ensure that consumers and businesses are informed about the dynamic nature of fuel costs in the country.
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Comparison to prices a year ago
Fuel prices in Austria have seen a notable increase when compared to prices from a year ago. Taking a look at the numbers, the price of Regular 92 petrol has jumped up from €0.993 to €2.101, while Super 95 petrol has followed a similar trend, rising from €0.992 to €2.102. This trend is consistent across other fuel types as well. For instance, Premium 98 petrol now costs €1.157, a significant increase from the previous year's price of €0.936. Diesel prices have also climbed, with the current rate sitting at €2.092 compared to the previous year's price of €0.936.
LPG fuel prices have not been spared from these hikes either. The current LPG price stands at €1.380, a stark contrast to the previous year's rate of €0.649. These jumps in fuel prices over the past year can be attributed to a multitude of factors, including fluctuations in international benchmark prices, variations in the value of the euro relative to other currencies, and the ever-changing dynamics of competition in different areas.
Additionally, the decisions made by wholesalers and retailers regarding pricing can also influence the cost of fuel. It is worth noting that fuel prices are known to fluctuate, and these comparisons provide a snapshot of the situation at a specific point in time. Nonetheless, the increases observed in Austria's fuel prices over the past year are significant and could have notable implications for commuters, businesses, and the overall economy.
These price hikes could lead to a ripple effect on transportation costs and, by extension, the prices of goods and services. It remains to be seen whether these trends will continue or if the market forces and external factors influencing fuel prices will bring about a shift in the opposite direction. For now, motorists and businesses alike are feeling the impact of these higher fuel prices, and it will be crucial to monitor how these changes affect the broader economy in the coming months.
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Frequently asked questions
The price of petrol in Austria varies depending on the type of fuel. As of February 2024, the prices were as follows:
- Regular 92: €0.993
- Super 95: €0.992
- Premium 98: €1.157
- Diesel: €0.936
- LPG: €0.649
As of February 2024, the price of premium 98 fuel in Austria is €1.157.
Super 95, also known as Euro-super 95, is a type of unleaded petrol with a higher octane rating than Regular 92. Premium 98, on the other hand, has an even higher octane rating and is considered a premium grade of petrol.
Austria has some of the cheapest petrol prices in the European Union.
