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COST OF LIVING

Petrol to top CHF2 per litre in several Swiss cantons

Petrol prices in Switzerland are set to rise to heights not seen for well over a decade, with fuel to cost more than CHF2 per litre in some cantons.

Petrol costs are set to rise in Switzerland. Photo by Erik mclean from Unsplash
Petrol and diesel prices in Austria have hit a record high. Photo by Erik Mclean from Unsplash

On Monday, oil barrels crossed the $92 mark, which will soon result in higher costs at the pump for drivers. Experts expect the prices to continue to rise, with a $100 barrel of oil not out of the question. 

Touring Club Switzerland, the country’s motor authority, registers a current average of CHF1.87 for petrol and CHF1.91 for diesel fuel. 

However, due to rising crude oil costs as well as a variety of other factors, fuel costs are expected to top the 2008 highs of CHF1.99 for petrol and CHF2.27 for diesel. 

EXPLAINED: How does roadside assistance work in Switzerland?

Worldwide increases in inflation, the impact of the Covid pandemic, a slowdown in American oil production and geopolitical tensions have all contributed to the rise in prices. 

OPEC has agreed to increase production, however this is not expected to satisfy these concerns. 

There is likely to be little respite for cross-border workers or shoppers however, with Swiss fuel prices tending to be lower than those in the surrounding countries. 

This is primarily due to lower tax on fuel sold in Switzerland.

Can you save money on petrol in Switzerland, and if so, how?

Petrol distributors and stations compete with each other, which is good news for consumers.

RTS public broadcaster analysed petrol prices at various stations in several regions and found lowest prices at Rasthof Platenenhof station in Gampelen (BE).

READ MORE: Where in Switzerland can you find the cheapest fuel?

Another cheap fuelling option is a few kilometres away, at the Pit-Stop de Boudevilliers in Val-de-Ruz in canton Neuchâtel.

In fact, RTS reported that this whole region benefits from cheaper gasoline due to its proximity to the Cressier-Cornaux refinery and large volume of purchases.

Another low-cost location is in Samnaun, canton Graubünden in the region of Engiadina Bassa / Val Müstair.

The price there is 30 percent cheaper than on the notoriously expensive Lake Geneva region.

The reason for this price disparity is that this community of just over 700 inhabitants is a historic fiscal enclave that does not apply VAT or other taxes.

Other options include EK Automobile in Kestenholz, Solothurn and Tankstelle Fiechter in Teufenthal, Aargau.

But what if you don’t live in these areas?

You can still save some money on petrol if you do your research and know where the best (meaning: cheapest) places are to fuel up in your region.

Here are some tips:

Autoclub memberships often offer discounts on petrol. ACS members and TCS members can save between two and five cents per litre. 

Larger petrol retailers will also often have discount deals, while Swiss supermarkets also offer deals with particular gas station chains. 

Prices are usually the highest on (or close to) motorways, in or near large cities, and at branded chain stations. You can find better deals at smaller, independent stations away from main roads.

However, you should avoid going too far out of your way to save on fuel.  

“A one-cent difference on the price of the litre justifies a detour of  two to three kilometers, at most. Otherwise, the excess consumption drowns the economy on a 50-litre tank”, said TCS’s Erich Schwizer.

One useful website listing cheaper petrol options throughout Switzerland is this.

READ MORE: How can you save on your household energy bills in Switzerland

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COST OF LIVING

From meat to travel: What’s becoming cheaper in Switzerland this autumn?

Usually, you expect the cost of living in Switzerland to go up — and often it does. But sometimes the consumers get a pleasant surprise — prices actually drop!

From meat to travel: What's becoming cheaper in Switzerland this autumn?

Even in Switzerland, prices go down at times, for reasons that are often hard to explain, because they driven by complex market forces. 

Right now, you can take advantage of these lower-than-normal prices:

Meat

Aldi recently announced price reductions of up to 36 percent for fresh beef, poultry, pork and lamb.

This means, for example, that 500 grams of minced beef now costs just 5.99 francs, almost 2 francs less than before.

A kilo of chicken thighs is 35 percent cheaper currently — at 5.49 francs.

And for 100 grams of pork fillet, you now have to pay 2.99 francs, instead of 3.99 francs previously.

Denner followed shortly after with its own reductions of around 25 percent on minced beef.

In the meantime, the more expensive retailer, Coop, is also about to cut prices: it said it would reduce the price per kilo of imported minced meat by a quarter. Swiss chicken thighs will cost 6.3 percent less, and pork fillet will be 25 cheaper.percent.

As The Local reported recently, this ‘price war’ among retailers benefits Swiss consumers:

READ ALSO: Is Switzerland’s latest supermarket price war good for shoppers? 

Fruits and vegetables

Tomatoes, zucchini, eggplants, and peppers have also seen a sharp decline.

According to figures from the Federal Statistical Office (FSO), their prices fell by 3.3 percent in August, as compared to the previous month.

For melons and grapes, prices dropped even more: by 7.8 and 15.5 percent, respectively.

Gasoline

Refuelling your car has also become cheaper.

Compared to the previous month, the price of petrol fell in August 1.9 percent. 

A litre of unleaded currently costs 1.77 francs and a litre of diesel 1.82 francs.

“In the last two weeks, fuel prices have fallen,” confirmed Vanessa Flack, a spokesperson for the TCS motoring organisation.

For heating oil, the decrease is between 6.4 and  12.6 percent.

Air travel

According to the latest figures from the FSO, the price level of international flights in August was 6.7 percent lower than in July.

“Overall, as far as tickets are concerned, we see that they are lower this year than in 2023,” according to Muriel Wolf Landau, spokesperson for Hotelplan travel agency.

All of the above cuts will bring some relief to Swiss consumers and may even (though slightly) offset the  increasing costs, like those of health insurance premiums.

READ ALSO: The best travel deals in Switzerland this autumn

Keep in mind though that these (and other) prices could very well increase in the medium term, if various negative economic factors converge.

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