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Fuel prices

Fuel prices

Responding to the fuel crisis

Commercial goods and passenger transport operators in all regions are dealing with soaring fuel prices. Global oil prices are at their highest level for at least a decade, and are climbing higher amid continuing instability and sanctions related to the Ukraine war.

With wafer-thin margins, operators must pass on cost increases to users or risk bankruptcy, putting further pressure on transport networks.

In addition, road transport operators are often squeezed in terms of their cash flow: between short commercial windows on paying fuel invoices and much longer commercial windows on receiving invoice payments from their clients. This limits their financial capability to adapt to rapidly rising fuel prices, and small and medium sized operators particularly can face sudden bankruptcy.

IRU is therefore calling for urgent action to slow down increases in fuel prices, including by expressly encouraging Governments to decrease excise duties and other taxes and charges related to fuels.

Failure to support the road transport industry facing these massive cost increases will result in an unprecedented chain of bankruptcies over the next months, with a severe inflationary impact on transport costs, as well as transport shortages and blockages in supply chains.

IRU is in close discussion with international organisation and private stakeholders to address the dramatic fuel crisis and encourages IRU members to deliver similar messages.

Government measures

Below is an overview of current government measures to support the sector. We will endeavour to update this table on a regular basis. Please contact us if you have any additional information to share.

Fuel prices actions of governments per country

Country

Support scheme

Other support measures

Czech Republic

Cancellation of road tax for vehicles up to 12 tonnes. The total budget for the transport sector is EUR 160m.

Deferment of advance payment of road tax; Postponement of VAT payment until October 2022: Control of diesel distributors' margins.

France

A flat-rate aid will be paid to transporters according to the number of vehicles and their tonnage: up to EUR 1,000 per coach, EUR 400 to 1,300 per truck, or EUR 300 per light commercial vehicle. 

A total envelop of EUR 400m is granted by the State to road freight and passenger transport companies.

Period of validity: 1 April to 31 July 2022.

A total of EUR 600m are planned for discounts schemes. The following measures will apply:

  • A discount of 15 cents excluding VAT per litre of diesel,
  • A discount of EUR 29 excl. VAT /100 kilos for LPG-c, LNG,
  • A discount of 21 cents excluding VAT per kilo for CNG in compressed form (CNG),
  • Partial refund of the Domestic Consumption Tax on Energy Products (TICPE) relating to their fuel consumption in the context of their professional activity will be accelerated on a monthly basis,
  • Use of deferral or payment facilities for social and tax obligations.

Period of validity: 4 months starting from April.

Hungary   Reduction by 25 HUF/l in the fuel excise duty.
Ireland

EUR 100 payment per Truck per week on an operators License for 8 weeks or EUR 800 per Truck.

EUR 18 million scheme to support road haulage operators in the context of Russia's invasion of Ukraine, open to road haulage operators of all sizes with a valid operating license in Ireland that are affected by the current crisis. Under the scheme, the beneficiaries will be entitled to receive limited amounts of aid in the form of direct grants.

  • Excise reduction of 15 cent (incl VaT ) on diesel until 31/08/22 
  • Excise reduction of 20 cent (incl VaT ) on petrol until 31/08/22 
Italy  

Reduction of excise duties - until 8 July 2022:

  • Reduction of excise duties for all road users (reduced from EUR 617.40 per 1,000 litres to EUR 367.40 per 1000 litres),
  • From 22 March to 2 May: reduction of the ordinary rate of excise duty on diesel applicable to all consumers for an amount equal to 0.25 cents per litre. 
    For bus transport companies, the real benefit is 0.25 cents per litre only for diesel (subject to ordinary excise duty and not admitted to the concessions provided for commercial diesel), consumed by buses in scheduled service up to Euro IV and buses in rental service. For the Euro V and VI bus lines the real benefit is 0.03582 cents per litre additional to the excise tax discount (0.21418 cents per litre compared to the ordinary excise duty) that these vehicles already benefited from previously.
  • Tax credit for the purchase of diesel -   496 million euro introduced as a tax credit in favor of freight haulage companies for the use of vehicles weighing 7.5 tons or more, the credit is equal to 28% tax credit for the first quarter of 2022 for the expenditure incurred on the purchase of diesel.
Luxembourg  

Measures in place until end of July 2022:

  • Reduction of 7.5 cents per litre of fuel (oil, diesel, petrol),
  • Adaptation of the tax credit linked to the CO2 tax,
  • Introduction of specific aid for companies affected by energy prices.
Netherlands  

Measures in place from 1 April to 31 December 2022:

  • The excise tax rate on petrol will fall by 17.3 cents per litre, 
  • The excise tax rate on diesel will fall by 11.1 cents, 
  • The excise tax on LPG (including liquid propane and butane) and LNG will also be reduced by 4.1 cents per litre (approximately 8 cents per kilogram).
Portugal

An envelope of EUR 400m is planned for subsidies to companies on fuel (diesel, petrol or gas) and Adblue. Through a single installment, transport companies get per vehicle:

  • EUR 114 for fuel and EUR 4.20 for Adblue for vehicles ≤ 3.5t,
  • EUR 270 for fuel and EUR 10.80 for Adblue for vehicles > 3.5t and ≤ 7.5t,
  • EUR 270 for fuel and EUR 16.20 for Adblue for vehicles > 7.5t and ≤ 35t,
  • EUR 420 for fuel and EUR 37.80 for Adblue for vehicles > 35t.
  • The Petroleum Products Tax (ISP) rate will be reduced on a weekly basis if there is an increase in tax revenue (calculated as VAT on fuel sales). For example, for each increase in VAT revenue of 5%, the ISP will be reduced by 5%.
  • Suspension of increase in the carbon tax.

Period of validity:1 April until 31 December 2022

Spain

Direct aid to transport companies between April-June 2022 

Total amount EUR 450 million

Limit of EUR 400,000 per company

Vehicle Amount:

  • Heavy goods. Truck. 1,250 EUR
  • Light goods. Van.  500 EUR
  • Bus.  950 EUR
  • Taxis.  300 EUR
  • Vehicle rental with driver.  300 EUR
  • Between 1 April and 30 June 2022: 20 cents per litre discount (gas vehicles will also have compensation based on the increase)
  • From April to July 2022: Postponement in the payment of Social Security contributions and for joint collection in the urban and road transport sector
  • Approval of a line of guarantees for the coverage by the State of the financing granted by financial entities to companies and the self-employed - maximum amount of 10,000 million euros, up to 31 December 2022
  • Monthly return of professional diesel
  • Aid for abandoning the profession: An extraordinary credit (10,310,000 euros) is expected to be granted to the Ministry of Transport, Mobility and the Urban Agenda, to finance the call for aid for self-employed road carriers.
  • Extension of maturity periods and grace periods for government-guaranteed credits, government-sponsored credit line to refinance debts from previous lines.
Sweden   From May to October 2022 tax rate on transport fuels would be temporarily reduced by 1.80 SEK per liter (€0.17). 

Live fuel prices


Fuel price shows the average price per litre at pump in many countries with up to 15 years of historical data.