Diesel will soon be more expensive than gasoline?

The oil companies expect prices to rise further in the coming months. “It is possible that the price of diesel at the petrol station can be even more close to the price of normal gasoline,” said Uwe Franke, CEO of the German BP, the “world on Sunday.” In a cold winter with correspondingly strong demand for fuel oil, the industry does not exclude a price for diesel that exceeds normal gasoline, the newspaper writes. Both diesel fuel and fuel oil were among the so-called middle distillates, so the demand for one could drive up the price of the other. Currently, diesel is about ten cents cheaper than gasoline. Tax makes petrol more expensive At the spot market in Rotterdam, the ratio has been reversed for three months. Last, the price of one tonne of diesel has been set at 410 dollars, which for normal gasoline is set at 380 dollars. Only thanks to the different taxation of the two types of fuel, the car drivers would get diesel at the petrol station even cheaper than gasoline. While more than 77 percent of the price of normal gasoline consists of taxes, this rate is well 64 percent for diesel. Source: http://fohcush/ms/ms.