Petrol and diesel: pump prices continue to rise (cross-border guide)

Context

Petrol and diesel: pump prices continue to rise

Petrol and diesel prices have risen again in Switzerland. According to data from the Swiss Touring Club, the average price of a litre of unleaded petrol 95 is CHF 1.92, while the average price of a litre of diesel is CHF 2.10. This increase is due to the new escalation of the conflict in the Middle East and logistical difficulties.

The price of unleaded gasoline 95 increased by 5 cents compared to last week, while the price of diesel rose by 6 cents. This increase is particularly felt in the cantons of Zurich and Bern, where prices are already higher than the national average.

“The situation is particularly difficult for drivers who have to travel long distances every day,” said the president of the Swiss Touring Club. "The price of gasoline is already too high and this increase only makes the situation worse."

The price of 95 unleaded petrol is CHF 1.92 on average, but can range from CHF 1.80 in some cantons such as Graubünden to CHF 2.10 in others such as Ticino. The price of diesel is 2.10 francs on average, but can range from 2.00 francs in some cantons such as Bern to 2.30 francs in others such as Zurich.

Switzerland is one of the European countries where gasoline and diesel prices are higher. According to OECD data, the price of unleaded petrol 95 in Switzerland is 1.92

Operational details

Practical analysis

Rising gasoline and diesel prices could have a significant impact on the lives of those who live or work in Switzerland. Drivers may have to pay more for fuel, which could increase transportation and travel costs.

In Switzerland, the price of petrol and diesel is already among the highest in Europe. According to data from the Federal Office of Customs (FOC), in 2022 the average price of petrol was CHF 1.43 per litre, while the average price of diesel was CHF 1.38 per litre. However, in recent months, prices have risen significantly due to the war in Ukraine and energy restrictions.

For example, in Zurich, the price of petrol is currently CHF 1.60 per litre, while the price of diesel is CHF 1.55 per litre. In Geneva, prices are even higher, with CHF 1.65 per litre for petrol and CHF 1.60 per litre for diesel.

This price increase could have a significant impact on the lives of those who live or work in Switzerland. For example, a motorist driving every day from Zurich to Geneva might have to pay up to CHF 10 more per day for fuel, which could mean an increase of CHF 300 per month.

In addition, rising gasoline and diesel prices could also have an impact on the Swiss economy. According to a report by the Federal Office of Customs, the increase in gasoline and diesel prices could mean a

Useful tools to protect your net income

To reduce FX leakage, compare CHF-EUR exchange options and banks for cross-border workers.

Key points

Action

If you are planning to refuel, it is important to check the prices and conditions of sale of the gas station. You can use Frontaliere Ticino's calculator to calculate fuel costs and plan your trip more efficiently.

Petrol and diesel: pump prices continue to rise

In June 2023, gasoline and diesel prices in Switzerland reached record levels. According to data from the Federal Office of Finance (Federal Office of Finance, 2023), gasoline prices increased by more than 20% compared to the same period last year, while diesel prices increased by more than 25%.

Why do prices keep going up?

There are several reasons that contribute to this price increase. One of the main ones is the war in Ukraine, which has caused oil and commodity prices to rise. In addition, the COVID-19 pandemic caused an increase in demand for fuel and energy, which helped push prices even higher.

Concrete examples

For example, if you are planning to take a trip from Zurich to Lugano, the distance is about 140 km. If your vehicle has a fuel consumption of 10 liters per 100 km, then you will need about 14 liters of gasoline to make this trip. If petrol prices are CHF 1.80 per litre, then the cost of fuel for this trip will be around

Source: tio.ch