Fuel Origin

Events / Tax change

Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022

Dates
2022-06-01 → 2022-08-31
Dated to
the day
Status
Ended
Scope
Germany

What the sources said

Energiesteuersenkungsgesetz (Gesetz zur Aenderung des Energiesteuerrechts zur temporaeren Absenkung der Energiesteuer fuer Kraftstoffe) of 24 May 2022, BGBl. I 2022 p. 810. The Bundestag record of 19 May 2022 states the reduction ran from 1 June to 31 August 2022 and cut the energy-tax rate by 29.55 ct/litre on Benzin and by 14.04 ct/litre on Dieselkraftstoff. The same change is present in the primary tax series this project already holds: the tax rates taken from the European Commission Weekly Oil Bulletin duties and taxes file record German excise on Euro-super 95 petrol at 0.6545 EUR/litre before, 0.3590 EUR/litre effective 2022-06-01 and 0.6545 EUR/litre again effective 2022-08-31, and on diesel at 0.4704, then 0.3300, then 0.4704 EUR/litre on the same dates. The two records agree to the cent. This row is a timeline marker only; it makes no statement about how the change reached pump prices.

IEA, EIA, European Commission, European Council and national legislators (cited per row)Official
Retrieved 2026-09-25 14:07 UTCRevision 2
Source documents (3)
CountryCountryGermanyFranceNetherlandsPolandFinlandEstoniaAustriaBelgiumBulgariaCroatiaCyprusCzechiaDenmarkGreeceHungaryIrelandItalyLatviaLithuaniaLuxembourgMaltaPortugalRomaniaSlovakiaSloveniaSpainSweden
FuelFuelDiesel (automotive gas oil)Petrol (Euro-super 95)Both fuels

Choosing a fuel keeps that fuel's series and the channels shared by every fuel - the crude benchmark, FX, crude imports and Hormuz exposure. It drops only the other fuel's series.

The event window

What each series was worth from -30 to 90 days around the event date, how far that is from the same series' level at the event date, and how big that move is against the series' own normal variation.

Belgium, all fuels in this run. 22 series can be drawn; 7 cannot be seen at all and are shown as labelled empty panels below.

262 published readings, 24 offsets with nothing published within one period, and 91 offsets on series we cannot see at all. Every one of them is on this page.

Europe Brent spot FOB

Unit: $ per barrelPublished: dailyCalculatedOfficial
T0−30T0+30+60+90132.895.82022-04-29: 108.4 $ per barrel, used for offsets −302022-05-18: 110.0 $ per barrel, used for offsets −142022-05-25: 116.4 $ per barrel, used for offsets −72022-05-27: 121.2 $ per barrel, used for offsets −32022-05-31: 125.5 $ per barrel, used for offsets −1same print as T0 — 2022-06-01, 122.2 $ per barrel, used for offsets T0, +12022-06-03: 125.7 $ per barrel, used for offsets +32022-06-08: 129.2 $ per barrel, used for offsets +72022-06-15: 125.0 $ per barrel, used for offsets +142022-07-01: 119.2 $ per barrel, used for offsets +302022-07-29: 111.5 $ per barrel, used for offsets +602022-08-30: 99.34 $ per barrel, used for offsets +90

x: days from the event date. Each mark sits at the date the figure was published, which is how the as-of rule answers an offset. At least one print used was published outside the −30 to +90 window; the axis is extended to show where it actually sits.

Window table for Europe Brent spot FOB: value, change from the event date and change in volatility units at each offset.
OffsetPrint usedValueΔ absΔ %Volatility units
−302022-04-29108.4-13.840-11.33%-2.53
−142022-05-18110.0-12.160-9.95%-2.22
−72022-05-25116.4-5.790-4.74%-1.06
−32022-05-27121.2-1.010-0.83%-0.18
−12022-05-31125.5+3.330+2.73%+0.61
T02022-06-01same print as T0122.20.0000.00%0.00
+12022-06-01same print as T0122.20.0000.00%0.00
+32022-06-03125.7+3.480+2.85%+0.64
+72022-06-08129.2+7.000+5.73%+1.28
+142022-06-15125.0+2.760+2.26%+0.50
+302022-07-01119.2-2.990-2.45%-0.55
+602022-07-29111.5-10.690-8.75%-1.95
+902022-08-3099.34-22.860-18.71%-4.18

One volatility unit for this series is 4.48%, the standard deviation of its own day-on-day percentage changes over the three years before the event (764 changes). It is not a significance test.

reported crude oil imports, all origins

Unit: tonnesPublished: monthlyCalculatedOfficial
T0−30T0+30+60+902,747,1322,066,8682022-05-01: 2,132,700 tonnes, used for offsets −30, −14, −7, −3, −1same print as T0 — 2022-06-01, 2,372,800 tonnes, used for offsets T0, +1, +3, +7, +142022-07-01: 2,681,300 tonnes, used for offsets +30, +602022-08-01: 2,517,200 tonnes, used for offsets +90

x: days from the event date. Each mark sits at the date the figure was published, which is how the as-of rule answers an offset. At least one print used was published outside the −30 to +90 window; the axis is extended to show where it actually sits.

Window table for reported crude oil imports, all origins: value, change from the event date and change in volatility units at each offset.
OffsetPrint usedValueΔ absΔ %Volatility units
−302022-05-012,132,700-240,100-10.12%-0.44
−142022-05-012,132,700-240,100-10.12%-0.44
−72022-05-012,132,700-240,100-10.12%-0.44
−32022-05-012,132,700-240,100-10.12%-0.44
−12022-05-012,132,700-240,100-10.12%-0.44
T02022-06-01same print as T02,372,8000.0000.00%0.00
+12022-06-01same print as T02,372,8000.0000.00%0.00
+32022-06-01same print as T02,372,8000.0000.00%0.00
+72022-06-01same print as T02,372,8000.0000.00%0.00
+142022-06-01same print as T02,372,8000.0000.00%0.00
+302022-07-012,681,300+308,500+13.00%+0.57
+602022-07-012,681,300+308,500+13.00%+0.57
+902022-08-012,517,200+144,400+6.09%+0.27

One volatility unit for this series is 22.91%, the standard deviation of its own month-on-month percentage changes over the three years before the event (36 changes). It is not a significance test.

crude-only expected pre-tax price: the T0 bulletin-week price plus what the stored pass-through curves say crude alone would have done since

Unit: € per litrePublished: weeklyCalculatedMedium
T0−30T0+30+60+901.2320.9742022-05-02: 0.9991 € per litre, used for offsets −302022-05-16: 1.058 € per litre, used for offsets −142022-05-23: 1.082 € per litre, used for offsets −7, −3same print as T0 — 2022-05-30, 1.122 € per litre, used for offsets −1, T0, +1, +32022-06-06: 1.167 € per litre, used for offsets +72022-06-13: 1.207 € per litre, used for offsets +142022-06-27: 1.189 € per litre, used for offsets +302022-07-25: 1.165 € per litre, used for offsets +602022-08-29: 1.081 € per litre, used for offsets +90

x: days from the event date. Each mark sits at the date the figure was published, which is how the as-of rule answers an offset.

Window table for crude-only expected pre-tax price: the T0 bulletin-week price plus what the stored pass-through curves say crude alone would have done since: value, change from the event date and change in volatility units at each offset.
OffsetPrint usedValueΔ absΔ %Volatility units
−302022-05-020.9991-0.123-10.99%-0.12
−142022-05-161.058-0.064-5.72%-0.06
−72022-05-231.082-0.040-3.58%-0.04
−32022-05-231.082-0.040-3.58%-0.04
−12022-05-30same print as T01.1220.0000.00%0.00
T02022-05-30same print as T01.1220.0000.00%0.00
+12022-05-30same print as T01.1220.0000.00%0.00
+32022-05-30same print as T01.1220.0000.00%0.00
+72022-06-061.167+0.045+3.97%+0.04
+142022-06-131.207+0.085+7.55%+0.08
+302022-06-271.189+0.067+5.93%+0.07
+602022-07-251.165+0.043+3.79%+0.04
+902022-08-291.081-0.042-3.72%-0.04

One volatility unit for this series is 90.56%, the standard deviation of its own week-on-week percentage changes over the three years before the event (148 changes). It is not a significance test.

crude-only expected pre-tax price: the T0 bulletin-week price plus what the stored pass-through curves say crude alone would have done since

Unit: € per litrePublished: weeklyCalculatedMedium
T0−30T0+30+60+901.2991.0862022-05-02: 1.107 € per litre, used for offsets −302022-05-16: 1.127 € per litre, used for offsets −142022-05-23: 1.136 € per litre, used for offsets −7, −3same print as T0 — 2022-05-30, 1.154 € per litre, used for offsets −1, T0, +1, +32022-06-06: 1.165 € per litre, used for offsets +72022-06-13: 1.167 € per litre, used for offsets +142022-06-27: 1.197 € per litre, used for offsets +302022-07-25: 1.224 € per litre, used for offsets +602022-08-29: 1.278 € per litre, used for offsets +90

x: days from the event date. Each mark sits at the date the figure was published, which is how the as-of rule answers an offset.

Window table for crude-only expected pre-tax price: the T0 bulletin-week price plus what the stored pass-through curves say crude alone would have done since: value, change from the event date and change in volatility units at each offset.
OffsetPrint usedValueΔ absΔ %Volatility units
−302022-05-021.107-0.047-4.08%-3.21
−142022-05-161.127-0.027-2.31%-1.82
−72022-05-231.136-0.018-1.57%-1.23
−32022-05-231.136-0.018-1.57%-1.23
−12022-05-30same print as T01.1540.0000.00%0.00
T02022-05-30same print as T01.1540.0000.00%0.00
+12022-05-30same print as T01.1540.0000.00%0.00
+32022-05-30same print as T01.1540.0000.00%0.00
+72022-06-061.165+0.011+0.98%+0.77
+142022-06-131.167+0.013+1.14%+0.90
+302022-06-271.197+0.043+3.74%+2.94
+602022-07-251.224+0.070+6.05%+4.76
+902022-08-291.278+0.124+10.76%+8.46

One volatility unit for this series is 1.27%, the standard deviation of its own week-on-week percentage changes over the three years before the event (148 changes). It is not a significance test.

ECB euro foreign exchange reference rate

Unit: US dollars per euroPublished: dailyCalculatedOfficial
T0−30T0+30+60+901.0820.9952022-05-02: 1.052 US dollars per euro, used for offsets −302022-05-18: 1.052 US dollars per euro, used for offsets −142022-05-25: 1.066 US dollars per euro, used for offsets −72022-05-27: 1.072 US dollars per euro, used for offsets −32022-05-31: 1.071 US dollars per euro, used for offsets −1same print as T0 — 2022-06-01, 1.071 US dollars per euro, used for offsets T02022-06-02: 1.069 US dollars per euro, used for offsets +12022-06-03: 1.073 US dollars per euro, used for offsets +32022-06-08: 1.074 US dollars per euro, used for offsets +72022-06-15: 1.043 US dollars per euro, used for offsets +142022-07-01: 1.043 US dollars per euro, used for offsets +302022-07-29: 1.020 US dollars per euro, used for offsets +602022-08-30: 1.003 US dollars per euro, used for offsets +90

x: days from the event date. Each mark sits at the date the figure was published, which is how the as-of rule answers an offset.

Window table for ECB euro foreign exchange reference rate: value, change from the event date and change in volatility units at each offset.
OffsetPrint usedValueΔ absΔ %Volatility units
−302022-05-021.052-0.019-1.76%-4.20
−142022-05-181.052-0.019-1.76%-4.23
−72022-05-251.066-0.006-0.52%-1.25
−32022-05-271.072+0.001+0.09%+0.22
−12022-05-311.071+0.000+0.01%+0.02
T02022-06-01same print as T01.0710.0000.00%0.00
+12022-06-021.069-0.002-0.19%-0.45
+32022-06-031.073+0.002+0.17%+0.40
+72022-06-081.074+0.003+0.25%+0.60
+142022-06-151.043-0.028-2.62%-6.28
+302022-07-011.043-0.029-2.68%-6.42
+602022-07-291.020-0.051-4.80%-11.50
+902022-08-301.003-0.068-6.33%-15.16

One volatility unit for this series is 0.42%, the standard deviation of its own day-on-day percentage changes over the three years before the event (770 changes). It is not a significance test.

direct crude Hormuz exposure D1

Unit: % of imported tonnesPublished: monthlyUnknownUnknown
T0−30T0+30+60+9023.540.002022-05-01: 2.100 to 5.865 % of imported tonnes. No point estimate is published, so no midpoint is drawn.2022-06-01: 10.53 to 19.05 % of imported tonnes. No point estimate is published, so no midpoint is drawn.2022-07-01: 15.25 to 20.27 % of imported tonnes. No point estimate is published, so no midpoint is drawn.2022-08-01: 10.53 to 21.24 % of imported tonnes. No point estimate is published, so no midpoint is drawn.

x: days from the event date. Each mark sits at the date the figure was published, which is how the as-of rule answers an offset. At least one print used was published outside the −30 to +90 window; the axis is extended to show where it actually sits. The shaded band is the admissible range. No midpoint is drawn, because no point estimate is published.

Window table for direct crude Hormuz exposure D1: value, change from the event date and change in volatility units at each offset.
OffsetPrint usedValueΔ absΔ %Volatility units
−302022-05-012.100–5.865not publishednot publishednot published
−142022-05-012.100–5.865not publishednot publishednot published
−72022-05-012.100–5.865not publishednot publishednot published
−32022-05-012.100–5.865not publishednot publishednot published
−12022-05-012.100–5.865not publishednot publishednot published
T02022-06-0110.53–19.05not publishednot publishednot published
+12022-06-0110.53–19.05not publishednot publishednot published
+32022-06-0110.53–19.05not publishednot publishednot published
+72022-06-0110.53–19.05not publishednot publishednot published
+142022-06-0110.53–19.05not publishednot publishednot published
+302022-07-0115.25–20.27not publishednot publishednot published
+602022-07-0115.25–20.27not publishednot publishednot published
+902022-08-0110.53–21.24not publishednot publishednot published

No normal volatility is published for this series, so no change is expressed in volatility units. That is a missing input, not a zero.

direct refined-product Hormuz exposure D2

Unit: % of imported tonnesPublished: monthlyUnknownUnknown
T0−30T0+30+60+903.8250.0002022-07-01: 0 % of imported tonnes, used for offsets +30, +602022-05-01: 0 to 0.9873 % of imported tonnes. No point estimate is published, so no midpoint is drawn.2022-06-01: 0 to 3.415 % of imported tonnes. No point estimate is published, so no midpoint is drawn.2022-08-01: 0 to 2.112 % of imported tonnes. No point estimate is published, so no midpoint is drawn.

x: days from the event date. Each mark sits at the date the figure was published, which is how the as-of rule answers an offset. At least one print used was published outside the −30 to +90 window; the axis is extended to show where it actually sits. The shaded band is the admissible range. No midpoint is drawn, because no point estimate is published.

Window table for direct refined-product Hormuz exposure D2: value, change from the event date and change in volatility units at each offset.
OffsetPrint usedValueΔ absΔ %Volatility units
−302022-05-010–0.9873not publishednot publishednot published
−142022-05-010–0.9873not publishednot publishednot published
−72022-05-010–0.9873not publishednot publishednot published
−32022-05-010–0.9873not publishednot publishednot published
−12022-05-010–0.9873not publishednot publishednot published
T02022-06-010–3.415not publishednot publishednot published
+12022-06-010–3.415not publishednot publishednot published
+32022-06-010–3.415not publishednot publishednot published
+72022-06-010–3.415not publishednot publishednot published
+142022-06-010–3.415not publishednot publishednot published
+302022-07-010not publishednot publishednot published
+602022-07-010not publishednot publishednot published
+902022-08-010–2.112not publishednot publishednot published

No normal volatility is published for this series, so no change is expressed in volatility units. That is a missing input, not a zero.

inventory exposure D7: published days of emergency stock cover, carried through

Unit: days of coverPublished: monthlyCalculatedOfficial
T0−30T0+30+60+90112.4101.72022-05-01: 107.0 days of cover, used for offsets −30, −14, −7, −3, −1same print as T0 — 2022-06-01, 107.0 days of cover, used for offsets T0, +1, +3, +7, +142022-07-01: 107.0 days of cover, used for offsets +30, +602022-08-01: 107.0 days of cover, used for offsets +90

x: days from the event date. Each mark sits at the date the figure was published, which is how the as-of rule answers an offset. At least one print used was published outside the −30 to +90 window; the axis is extended to show where it actually sits.

Window table for inventory exposure D7: published days of emergency stock cover, carried through: value, change from the event date and change in volatility units at each offset.
OffsetPrint usedValueΔ absΔ %Volatility units
−302022-05-01107.00.0000.00%0.00
−142022-05-01107.00.0000.00%0.00
−72022-05-01107.00.0000.00%0.00
−32022-05-01107.00.0000.00%0.00
−12022-05-01107.00.0000.00%0.00
T02022-06-01same print as T0107.00.0000.00%0.00
+12022-06-01same print as T0107.00.0000.00%0.00
+32022-06-01same print as T0107.00.0000.00%0.00
+72022-06-01same print as T0107.00.0000.00%0.00
+142022-06-01same print as T0107.00.0000.00%0.00
+302022-07-01107.00.0000.00%0.00
+602022-07-01107.00.0000.00%0.00
+902022-08-01107.00.0000.00%0.00

One volatility unit for this series is 4.09%, the standard deviation of its own month-on-month percentage changes over the three years before the event (36 changes). It is not a significance test.

crude cost per litre: Brent in EUR/L averaged over the bulletin week (refinery yield not modelled)

Unit: € per litrePublished: weeklyCalculatedOfficial
T0−30T0+30+60+900.7720.5802022-05-02: 0.6576 € per litre, used for offsets −302022-05-16: 0.6754 € per litre, used for offsets −142022-05-23: 0.6922 € per litre, used for offsets −7, −3same print as T0 — 2022-05-30, 0.7275 € per litre, used for offsets −1, T0, +1, +32022-06-06: 0.7496 € per litre, used for offsets +72022-06-13: 0.7533 € per litre, used for offsets +142022-06-27: 0.7214 € per litre, used for offsets +302022-07-25: 0.6761 € per litre, used for offsets +602022-08-29: 0.5990 € per litre, used for offsets +90

x: days from the event date. Each mark sits at the date the figure was published, which is how the as-of rule answers an offset.

Window table for crude cost per litre: Brent in EUR/L averaged over the bulletin week (refinery yield not modelled): value, change from the event date and change in volatility units at each offset.
OffsetPrint usedValueΔ absΔ %Volatility units
−302022-05-020.6576-0.070-9.62%-1.20
−142022-05-160.6754-0.052-7.17%-0.90
−72022-05-230.6922-0.035-4.85%-0.61
−32022-05-230.6922-0.035-4.85%-0.61
−12022-05-30same print as T00.72750.0000.00%0.00
T02022-05-30same print as T00.72750.0000.00%0.00
+12022-05-30same print as T00.72750.0000.00%0.00
+32022-05-30same print as T00.72750.0000.00%0.00
+72022-06-060.7496+0.022+3.04%+0.38
+142022-06-130.7533+0.026+3.54%+0.44
+302022-06-270.7214-0.006-0.84%-0.11
+602022-07-250.6761-0.051-7.07%-0.88
+902022-08-290.5990-0.129-17.67%-2.21

One volatility unit for this series is 8.00%, the standard deviation of its own week-on-week percentage changes over the three years before the event (148 changes). It is not a significance test.

crude cost per litre: Brent in EUR/L averaged over the bulletin week (refinery yield not modelled)

Unit: € per litrePublished: weeklyCalculatedOfficial
T0−30T0+30+60+900.7720.5802022-05-02: 0.6576 € per litre, used for offsets −302022-05-16: 0.6754 € per litre, used for offsets −142022-05-23: 0.6922 € per litre, used for offsets −7, −3same print as T0 — 2022-05-30, 0.7275 € per litre, used for offsets −1, T0, +1, +32022-06-06: 0.7496 € per litre, used for offsets +72022-06-13: 0.7533 € per litre, used for offsets +142022-06-27: 0.7214 € per litre, used for offsets +302022-07-25: 0.6761 € per litre, used for offsets +602022-08-29: 0.5990 € per litre, used for offsets +90

x: days from the event date. Each mark sits at the date the figure was published, which is how the as-of rule answers an offset.

Window table for crude cost per litre: Brent in EUR/L averaged over the bulletin week (refinery yield not modelled): value, change from the event date and change in volatility units at each offset.
OffsetPrint usedValueΔ absΔ %Volatility units
−302022-05-020.6576-0.070-9.62%-1.20
−142022-05-160.6754-0.052-7.17%-0.90
−72022-05-230.6922-0.035-4.85%-0.61
−32022-05-230.6922-0.035-4.85%-0.61
−12022-05-30same print as T00.72750.0000.00%0.00
T02022-05-30same print as T00.72750.0000.00%0.00
+12022-05-30same print as T00.72750.0000.00%0.00
+32022-05-30same print as T00.72750.0000.00%0.00
+72022-06-060.7496+0.022+3.04%+0.38
+142022-06-130.7533+0.026+3.54%+0.44
+302022-06-270.7214-0.006-0.84%-0.11
+602022-07-250.6761-0.051-7.07%-0.88
+902022-08-290.5990-0.129-17.67%-2.21

One volatility unit for this series is 8.00%, the standard deviation of its own week-on-week percentage changes over the three years before the event (148 changes). It is not a significance test.

national total oil stocks (Eurostat, commercial holders), with the published days of cover alongside

Unit: tonnesPublished: monthlyCalculatedOfficial
T0−30T0+30+60+907,872,3967,440,5042022-05-01: 7,641,500 tonnes, used for offsets −30, −14, −7, −3, −1same print as T0 — 2022-06-01, 7,482,300 tonnes, used for offsets T0, +1, +3, +7, +142022-07-01: 7,655,300 tonnes, used for offsets +30, +602022-08-01: 7,830,600 tonnes, used for offsets +90

x: days from the event date. Each mark sits at the date the figure was published, which is how the as-of rule answers an offset. At least one print used was published outside the −30 to +90 window; the axis is extended to show where it actually sits.

Window table for national total oil stocks (Eurostat, commercial holders), with the published days of cover alongside: value, change from the event date and change in volatility units at each offset.
OffsetPrint usedValueΔ absΔ %Volatility units
−302022-05-017,641,500+159,200+2.13%+0.79
−142022-05-017,641,500+159,200+2.13%+0.79
−72022-05-017,641,500+159,200+2.13%+0.79
−32022-05-017,641,500+159,200+2.13%+0.79
−12022-05-017,641,500+159,200+2.13%+0.79
T02022-06-01same print as T07,482,3000.0000.00%0.00
+12022-06-01same print as T07,482,3000.0000.00%0.00
+32022-06-01same print as T07,482,3000.0000.00%0.00
+72022-06-01same print as T07,482,3000.0000.00%0.00
+142022-06-01same print as T07,482,3000.0000.00%0.00
+302022-07-017,655,300+173,000+2.31%+0.86
+602022-07-017,655,300+173,000+2.31%+0.86
+902022-08-017,830,600+348,300+4.65%+1.72

One volatility unit for this series is 2.70%, the standard deviation of its own month-on-month percentage changes over the three years before the event (36 changes). It is not a significance test.

not explained by crude: actual pre-tax change since T0 minus the crude-only expected change. Never attributed

Unit: € per litrePublished: weeklyCalculatedMedium
T0−30T0+30+60+900.2130.0002022-05-02: 0.1898 € per litre, used for offsets −302022-05-16: 0.1382 € per litre, used for offsets −142022-05-23: 0.0688 € per litre, used for offsets −7, −3same print as T0 — 2022-05-30, 0 € per litre, used for offsets −1, T0, +1, +32022-06-06: 0.0173 € per litre, used for offsets +72022-06-13: 0.0827 € per litre, used for offsets +142022-06-27: 0.1555 € per litre, used for offsets +302022-07-25: 0.0326 € per litre, used for offsets +602022-08-29: 0.1210 € per litre, used for offsets +90

x: days from the event date. Each mark sits at the date the figure was published, which is how the as-of rule answers an offset.

Window table for not explained by crude: actual pre-tax change since T0 minus the crude-only expected change. Never attributed: value, change from the event date and change in volatility units at each offset.
OffsetPrint usedValueΔ absΔ %Volatility units
−302022-05-020.1898+0.190not publishednot published
−142022-05-160.1382+0.138not publishednot published
−72022-05-230.0688+0.069not publishednot published
−32022-05-230.0688+0.069not publishednot published
−12022-05-30same print as T000.000not publishednot published
T02022-05-30same print as T000.000not publishednot published
+12022-05-30same print as T000.000not publishednot published
+32022-05-30same print as T000.000not publishednot published
+72022-06-060.0173+0.017not publishednot published
+142022-06-130.0827+0.083not publishednot published
+302022-06-270.1555+0.156not publishednot published
+602022-07-250.0326+0.033not publishednot published
+902022-08-290.1210+0.121not publishednot published

No normal volatility is published for this series, so no change is expressed in volatility units. That is a missing input, not a zero.

not explained by crude: actual pre-tax change since T0 minus the crude-only expected change. Never attributed

Unit: € per litrePublished: weeklyCalculatedMedium
T0−30T0+30+60+900.169-0.3512022-05-02: -0.0569 € per litre, used for offsets −302022-05-16: 0.0089 € per litre, used for offsets −142022-05-23: 0.0349 € per litre, used for offsets −7, −3same print as T0 — 2022-05-30, 0 € per litre, used for offsets −1, T0, +1, +32022-06-06: 0.0515 € per litre, used for offsets +72022-06-13: 0.1188 € per litre, used for offsets +142022-06-27: 0.0359 € per litre, used for offsets +302022-07-25: -0.1294 € per litre, used for offsets +602022-08-29: -0.3009 € per litre, used for offsets +90

x: days from the event date. Each mark sits at the date the figure was published, which is how the as-of rule answers an offset.

Window table for not explained by crude: actual pre-tax change since T0 minus the crude-only expected change. Never attributed: value, change from the event date and change in volatility units at each offset.
OffsetPrint usedValueΔ absΔ %Volatility units
−302022-05-02-0.0569-0.057not publishednot published
−142022-05-160.0089+0.009not publishednot published
−72022-05-230.0349+0.035not publishednot published
−32022-05-230.0349+0.035not publishednot published
−12022-05-30same print as T000.000not publishednot published
T02022-05-30same print as T000.000not publishednot published
+12022-05-30same print as T000.000not publishednot published
+32022-05-30same print as T000.000not publishednot published
+72022-06-060.0515+0.051not publishednot published
+142022-06-130.1188+0.119not publishednot published
+302022-06-270.0359+0.036not publishednot published
+602022-07-25-0.1294-0.129not publishednot published
+902022-08-29-0.3009-0.301not publishednot published

No normal volatility is published for this series, so no change is expressed in volatility units. That is a missing input, not a zero.

Weekly Oil Bulletin price with taxes

Unit: € per litrePublished: weeklyCalculatedOfficial
T0−30T0+30+60+902.2101.8772022-05-02: 1.990 € per litre, used for offsets −302022-05-16: 1.999 € per litre, used for offsets −142022-05-23: 1.944 € per litre, used for offsets −7, −3same print as T0 — 2022-05-30, 1.909 € per litre, used for offsets −1, T0, +1, +32022-06-06: 1.984 € per litre, used for offsets +72022-06-13: 2.112 € per litre, used for offsets +142022-06-27: 2.178 € per litre, used for offsets +302022-07-25: 2.000 € per litre, used for offsets +602022-08-29: 2.005 € per litre, used for offsets +90

x: days from the event date. Each mark sits at the date the figure was published, which is how the as-of rule answers an offset.

Window table for Weekly Oil Bulletin price with taxes: value, change from the event date and change in volatility units at each offset.
OffsetPrint usedValueΔ absΔ %Volatility units
−302022-05-021.990+0.080+4.21%+1.56
−142022-05-161.999+0.090+4.69%+1.74
−72022-05-231.944+0.035+1.82%+0.67
−32022-05-231.944+0.035+1.82%+0.67
−12022-05-30same print as T01.9090.0000.00%0.00
T02022-05-30same print as T01.9090.0000.00%0.00
+12022-05-30same print as T01.9090.0000.00%0.00
+32022-05-30same print as T01.9090.0000.00%0.00
+72022-06-061.984+0.075+3.92%+1.45
+142022-06-132.112+0.203+10.62%+3.94
+302022-06-272.178+0.269+14.07%+5.22
+602022-07-252.000+0.091+4.76%+1.77
+902022-08-292.005+0.096+5.03%+1.86

One volatility unit for this series is 2.70%, the standard deviation of its own week-on-week percentage changes over the three years before the event (148 changes). It is not a significance test.

Weekly Oil Bulletin price with taxes

Unit: € per litrePublished: weeklyCalculatedOfficial
T0−30T0+30+60+902.1521.6892022-05-02: 1.822 € per litre, used for offsets −302022-05-16: 1.926 € per litre, used for offsets −142022-05-23: 1.968 € per litre, used for offsets −7, −3same print as T0 — 2022-05-30, 1.947 € per litre, used for offsets −1, T0, +1, +32022-06-06: 2.023 € per litre, used for offsets +72022-06-13: 2.107 € per litre, used for offsets +142022-06-27: 2.043 € per litre, used for offsets +302022-07-25: 1.875 € per litre, used for offsets +602022-08-29: 1.734 € per litre, used for offsets +90

x: days from the event date. Each mark sits at the date the figure was published, which is how the as-of rule answers an offset.

Window table for Weekly Oil Bulletin price with taxes: value, change from the event date and change in volatility units at each offset.
OffsetPrint usedValueΔ absΔ %Volatility units
−302022-05-021.822-0.126-6.46%-1.88
−142022-05-161.926-0.022-1.11%-0.32
−72022-05-231.968+0.020+1.05%+0.30
−32022-05-231.968+0.020+1.05%+0.30
−12022-05-30same print as T01.9470.0000.00%0.00
T02022-05-30same print as T01.9470.0000.00%0.00
+12022-05-30same print as T01.9470.0000.00%0.00
+32022-05-30same print as T01.9470.0000.00%0.00
+72022-06-062.023+0.076+3.90%+1.13
+142022-06-132.107+0.160+8.20%+2.38
+302022-06-272.043+0.096+4.91%+1.43
+602022-07-251.875-0.072-3.70%-1.08
+902022-08-291.734-0.214-10.98%-3.19

One volatility unit for this series is 3.44%, the standard deviation of its own week-on-week percentage changes over the three years before the event (148 changes). It is not a significance test.

Weekly Oil Bulletin price without taxes

Unit: € per litrePublished: weeklyCalculatedOfficial
T0−30T0+30+60+901.3711.0962022-05-02: 1.189 € per litre, used for offsets −302022-05-16: 1.196 € per litre, used for offsets −142022-05-23: 1.151 € per litre, used for offsets −7, −3same print as T0 — 2022-05-30, 1.122 € per litre, used for offsets −1, T0, +1, +32022-06-06: 1.184 € per litre, used for offsets +72022-06-13: 1.290 € per litre, used for offsets +142022-06-27: 1.344 € per litre, used for offsets +302022-07-25: 1.198 € per litre, used for offsets +602022-08-29: 1.202 € per litre, used for offsets +90

x: days from the event date. Each mark sits at the date the figure was published, which is how the as-of rule answers an offset.

Window table for Weekly Oil Bulletin price without taxes: value, change from the event date and change in volatility units at each offset.
OffsetPrint usedValueΔ absΔ %Volatility units
−302022-05-021.189+0.066+5.92%+1.21
−142022-05-161.196+0.074+6.60%+1.35
−72022-05-231.151+0.029+2.56%+0.52
−32022-05-231.151+0.029+2.56%+0.52
−12022-05-30same print as T01.1220.0000.00%0.00
T02022-05-30same print as T01.1220.0000.00%0.00
+12022-05-30same print as T01.1220.0000.00%0.00
+32022-05-30same print as T01.1220.0000.00%0.00
+72022-06-061.184+0.062+5.51%+1.13
+142022-06-131.290+0.168+14.92%+3.05
+302022-06-271.344+0.222+19.78%+4.04
+602022-07-251.198+0.075+6.69%+1.37
+902022-08-291.202+0.079+7.07%+1.44

One volatility unit for this series is 4.89%, the standard deviation of its own week-on-week percentage changes over the three years before the event (148 changes). It is not a significance test.

Weekly Oil Bulletin price without taxes

Unit: € per litrePublished: weeklyCalculatedOfficial
T0−30T0+30+60+901.3230.9402022-05-02: 1.050 € per litre, used for offsets −302022-05-16: 1.136 € per litre, used for offsets −142022-05-23: 1.171 € per litre, used for offsets −7, −3same print as T0 — 2022-05-30, 1.154 € per litre, used for offsets −1, T0, +1, +32022-06-06: 1.217 € per litre, used for offsets +72022-06-13: 1.286 € per litre, used for offsets +142022-06-27: 1.233 € per litre, used for offsets +302022-07-25: 1.094 € per litre, used for offsets +602022-08-29: 0.9771 € per litre, used for offsets +90

x: days from the event date. Each mark sits at the date the figure was published, which is how the as-of rule answers an offset.

Window table for Weekly Oil Bulletin price without taxes: value, change from the event date and change in volatility units at each offset.
OffsetPrint usedValueΔ absΔ %Volatility units
−302022-05-021.050-0.104-9.01%-1.11
−142022-05-161.136-0.018-1.54%-0.19
−72022-05-231.171+0.017+1.46%+0.18
−32022-05-231.171+0.017+1.46%+0.18
−12022-05-30same print as T01.1540.0000.00%0.00
T02022-05-30same print as T01.1540.0000.00%0.00
+12022-05-30same print as T01.1540.0000.00%0.00
+32022-05-30same print as T01.1540.0000.00%0.00
+72022-06-061.217+0.063+5.44%+0.67
+142022-06-131.286+0.132+11.44%+1.41
+302022-06-271.233+0.079+6.85%+0.85
+602022-07-251.094-0.060-5.16%-0.64
+902022-08-290.9771-0.177-15.32%-1.89

One volatility unit for this series is 8.10%, the standard deviation of its own week-on-week percentage changes over the three years before the event (148 changes). It is not a significance test.

total tax per litre: price with taxes minus price without taxes

Unit: € per litrePublished: weeklyCalculatedOfficial
T0−30T0+30+60+900.8390.7812022-05-02: 0.8009 € per litre, used for offsets −302022-05-16: 0.8025 € per litre, used for offsets −142022-05-23: 0.7929 € per litre, used for offsets −7, −3same print as T0 — 2022-05-30, 0.7869 € per litre, used for offsets −1, T0, +1, +32022-06-06: 0.7999 € per litre, used for offsets +72022-06-13: 0.8221 € per litre, used for offsets +142022-06-27: 0.8335 € per litre, used for offsets +302022-07-25: 0.8027 € per litre, used for offsets +602022-08-29: 0.8036 € per litre, used for offsets +90

x: days from the event date. Each mark sits at the date the figure was published, which is how the as-of rule answers an offset.

Window table for total tax per litre: price with taxes minus price without taxes: value, change from the event date and change in volatility units at each offset.
OffsetPrint usedValueΔ absΔ %Volatility units
−302022-05-020.8009+0.014+1.77%+0.98
−142022-05-160.8025+0.016+1.97%+1.09
−72022-05-230.7929+0.006+0.77%+0.42
−32022-05-230.7929+0.006+0.77%+0.42
−12022-05-30same print as T00.78690.0000.00%0.00
T02022-05-30same print as T00.78690.0000.00%0.00
+12022-05-30same print as T00.78690.0000.00%0.00
+32022-05-30same print as T00.78690.0000.00%0.00
+72022-06-060.7999+0.013+1.65%+0.91
+142022-06-130.8221+0.035+4.47%+2.48
+302022-06-270.8335+0.047+5.92%+3.28
+602022-07-250.8027+0.016+2.00%+1.11
+902022-08-290.8036+0.017+2.12%+1.17

One volatility unit for this series is 1.80%, the standard deviation of its own week-on-week percentage changes over the three years before the event (148 changes). It is not a significance test.

total tax per litre: price with taxes minus price without taxes

Unit: € per litrePublished: weeklyCalculatedOfficial
T0−30T0+30+60+900.8290.7492022-05-02: 0.7717 € per litre, used for offsets −302022-05-16: 0.7898 € per litre, used for offsets −142022-05-23: 0.7970 € per litre, used for offsets −7, −3same print as T0 — 2022-05-30, 0.7935 € per litre, used for offsets −1, T0, +1, +32022-06-06: 0.8067 € per litre, used for offsets +72022-06-13: 0.8212 € per litre, used for offsets +142022-06-27: 0.8101 € per litre, used for offsets +302022-07-25: 0.7810 € per litre, used for offsets +602022-08-29: 0.7564 € per litre, used for offsets +90

x: days from the event date. Each mark sits at the date the figure was published, which is how the as-of rule answers an offset.

Window table for total tax per litre: price with taxes minus price without taxes: value, change from the event date and change in volatility units at each offset.
OffsetPrint usedValueΔ absΔ %Volatility units
−302022-05-020.7717-0.022-2.75%-1.51
−142022-05-160.7898-0.004-0.47%-0.26
−72022-05-230.7970+0.004+0.44%+0.24
−32022-05-230.7970+0.004+0.44%+0.24
−12022-05-30same print as T00.79350.0000.00%0.00
T02022-05-30same print as T00.79350.0000.00%0.00
+12022-05-30same print as T00.79350.0000.00%0.00
+32022-05-30same print as T00.79350.0000.00%0.00
+72022-06-060.8067+0.013+1.66%+0.91
+142022-06-130.8212+0.028+3.49%+1.91
+302022-06-270.8101+0.017+2.09%+1.15
+602022-07-250.7810-0.013-1.58%-0.86
+902022-08-290.7564-0.037-4.68%-2.56

One volatility unit for this series is 1.83%, the standard deviation of its own week-on-week percentage changes over the three years before the event (148 changes). It is not a significance test.

US proxy - not a European price: US diesel spot minus Brent spot, USD per barrel. A proxy for the Atlantic-basin product market, NOT a measure of European refining margins (§H).

Unit: $ per barrelPublished: dailyCalculatedLow
T0−30T0+30+60+9091.3534.482022-04-29: 85.85 $ per barrel, used for offsets −302022-05-18: 74.63 $ per barrel, used for offsets −142022-05-25: 54.28 $ per barrel, used for offsets −72022-05-27: 47.73 $ per barrel, used for offsets −32022-05-31: 42.22 $ per barrel, used for offsets −1same print as T0 — 2022-06-01, 55.80 $ per barrel, used for offsets T0, +12022-06-03: 60.04 $ per barrel, used for offsets +32022-06-08: 55.39 $ per barrel, used for offsets +72022-06-15: 67.36 $ per barrel, used for offsets +142022-07-01: 49.88 $ per barrel, used for offsets +302022-07-29: 39.98 $ per barrel, used for offsets +602022-08-30: 60.97 $ per barrel, used for offsets +90

x: days from the event date. Each mark sits at the date the figure was published, which is how the as-of rule answers an offset. At least one print used was published outside the −30 to +90 window; the axis is extended to show where it actually sits.

Window table for US proxy - not a European price: US diesel spot minus Brent spot, USD per barrel. A proxy for the Atlantic-basin product market, NOT a measure of European refining margins (§H).: value, change from the event date and change in volatility units at each offset.
OffsetPrint usedValueΔ absΔ %Volatility units
−302022-04-2985.85+30.052+53.86%+5.76
−142022-05-1874.63+18.838+33.76%+3.61
−72022-05-2554.28-1.518-2.72%-0.29
−32022-05-2747.73-8.062-14.45%-1.55
−12022-05-3142.22-13.578-24.34%-2.60
T02022-06-01same print as T055.800.0000.00%0.00
+12022-06-01same print as T055.800.0000.00%0.00
+32022-06-0360.04+4.248+7.61%+0.81
+72022-06-0855.39-0.406-0.73%-0.08
+142022-06-1567.36+11.562+20.72%+2.22
+302022-07-0149.88-5.914-10.60%-1.13
+602022-07-2939.98-15.812-28.34%-3.03
+902022-08-3060.97+5.178+9.28%+0.99

One volatility unit for this series is 9.34%, the standard deviation of its own day-on-day percentage changes over the three years before the event (747 changes). It is not a significance test.

US proxy - not a European price: US gasoline spot minus Brent spot, USD per barrel. A proxy for the Atlantic-basin product market, NOT a measure of European refining margins (§H).

Unit: $ per barrelPublished: dailyCalculatedLow
T0−30T0+30+60+9069.569.002022-04-29: 35.83 $ per barrel, used for offsets −302022-05-18: 48.89 $ per barrel, used for offsets −142022-05-25: 47.31 $ per barrel, used for offsets −72022-05-27: 51.09 $ per barrel, used for offsets −32022-05-31: 47.09 $ per barrel, used for offsets −1same print as T0 — 2022-06-01, 57.64 $ per barrel, used for offsets T0, +12022-06-03: 63.70 $ per barrel, used for offsets +32022-06-08: 54.93 $ per barrel, used for offsets +72022-06-15: 40.73 $ per barrel, used for offsets +142022-07-01: 40.89 $ per barrel, used for offsets +302022-07-29: 30.91 $ per barrel, used for offsets +602022-08-30: 14.86 $ per barrel, used for offsets +90

x: days from the event date. Each mark sits at the date the figure was published, which is how the as-of rule answers an offset. At least one print used was published outside the −30 to +90 window; the axis is extended to show where it actually sits.

Window table for US proxy - not a European price: US gasoline spot minus Brent spot, USD per barrel. A proxy for the Atlantic-basin product market, NOT a measure of European refining margins (§H).: value, change from the event date and change in volatility units at each offset.
OffsetPrint usedValueΔ absΔ %Volatility units
−302022-04-2935.83-21.818-37.85%-0.21
−142022-05-1848.89-8.756-15.19%-0.08
−72022-05-2547.31-10.338-17.93%-0.10
−32022-05-2751.09-6.550-11.36%-0.06
−12022-05-3147.09-10.554-18.31%-0.10
T02022-06-01same print as T057.640.0000.00%0.00
+12022-06-01same print as T057.640.0000.00%0.00
+32022-06-0363.70+6.054+10.50%+0.06
+72022-06-0854.93-2.716-4.71%-0.03
+142022-06-1540.73-16.914-29.34%-0.16
+302022-07-0140.89-16.750-29.06%-0.16
+602022-07-2930.91-26.732-46.37%-0.26
+902022-08-3014.86-42.786-74.22%-0.41

One volatility unit for this series is 181.24%, the standard deviation of its own day-on-day percentage changes over the three years before the event (747 changes). It is not a significance test.

US proxy - not a European price: US jet spot minus Brent spot, USD per barrel. A proxy for the Atlantic-basin product market, NOT a measure of European refining margins (§H).

Unit: $ per barrelPublished: dailyCalculatedLow
T0−30T0+30+60+9087.9225.322022-04-29: 81.86 $ per barrel, used for offsets −302022-05-18: 35.78 $ per barrel, used for offsets −142022-05-25: 40.71 $ per barrel, used for offsets −72022-05-27: 40.59 $ per barrel, used for offsets −32022-05-31: 34.70 $ per barrel, used for offsets −1same print as T0 — 2022-06-01, 42.99 $ per barrel, used for offsets T0, +12022-06-03: 46.69 $ per barrel, used for offsets +32022-06-08: 42.16 $ per barrel, used for offsets +72022-06-15: 56.44 $ per barrel, used for offsets +142022-07-01: 39.51 $ per barrel, used for offsets +302022-07-29: 31.37 $ per barrel, used for offsets +602022-08-30: 49.63 $ per barrel, used for offsets +90

x: days from the event date. Each mark sits at the date the figure was published, which is how the as-of rule answers an offset. At least one print used was published outside the −30 to +90 window; the axis is extended to show where it actually sits.

Window table for US proxy - not a European price: US jet spot minus Brent spot, USD per barrel. A proxy for the Atlantic-basin product market, NOT a measure of European refining margins (§H).: value, change from the event date and change in volatility units at each offset.
OffsetPrint usedValueΔ absΔ %Volatility units
−302022-04-2981.86+38.872+90.43%+0.52
−142022-05-1835.78-7.202-16.75%-0.10
−72022-05-2540.71-2.274-5.29%-0.03
−32022-05-2740.59-2.392-5.56%-0.03
−12022-05-3134.70-8.286-19.28%-0.11
T02022-06-01same print as T042.990.0000.00%0.00
+12022-06-01same print as T042.990.0000.00%0.00
+32022-06-0346.69+3.702+8.61%+0.05
+72022-06-0842.16-0.826-1.92%-0.01
+142022-06-1556.44+13.452+31.29%+0.18
+302022-07-0139.51-3.478-8.09%-0.05
+602022-07-2931.37-11.612-27.01%-0.15
+902022-08-3049.63+6.648+15.47%+0.09

One volatility unit for this series is 175.17%, the standard deviation of its own day-on-day percentage changes over the three years before the event (747 changes). It is not a significance test.

Not available: licence-blocked

A source exists and its licence does not permit us to republish it. These channels are not missing from the world, only from this page.

Arabian Gulf to north-west Europe dirty tanker rate

Tanker freight rates are licensed such that public display, onward passing and derived data are all expressly prohibited, verified verbatim, and no open institution publishes a tanker rate.

13 offsets in the window are affected.

EU refined-product benchmark

EU refined-product benchmarks (Platts / Argus) are proprietary with no redistribution grant. US crack spreads are not a valid EU proxy and are not substituted.

13 offsets in the window are affected.

EU refined-product benchmark

EU refined-product benchmarks (Platts / Argus) are proprietary with no redistribution grant. US crack spreads are not a valid EU proxy and are not substituted.

13 offsets in the window are affected.

north-west Europe refining margin / crack spread

No published refining-margin series is held, and computing a margin ourselves would need the licensed EU product benchmarks, which may not be republished.

13 offsets in the window are affected.

north-west Europe refining margin / crack spread

No published refining-margin series is held, and computing a margin ourselves would need the licensed EU product benchmarks, which may not be republished.

13 offsets in the window are affected.

wholesale / rack price

Wholesale / rack price series are proprietary with no redistribution grant.

13 offsets in the window are affected.

wholesale / rack price

Wholesale / rack price series are proprietary with no redistribution grant.

13 offsets in the window are affected.

Source
European Commission, Directorate-General for Energy (DG ENER)Unknown
Period 2022-04-29Updated 2026-09-25 14:09 UTCConfidenceUnknownMethodologyDownload CSV

T0 is 2022-06-01. The baseline window is -90 to -31 days. Offsets materialised: -30, -14, -7, -3, -1, 0, 1, 3, 7, 14, 30, 60, 90. Method 1.0, calculation event_study-1.0, computed 2026-09-25 14:09 UTC.

Is Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022 really the reason?

The question splits into dimensions that are measured separately and never added into one number. Each row says whether we can see that dimension at all, and gives one published figure where we can.

Of the eight price-transmission channels this site reports, 4 have data in this run Calculated - a count of the rows below, not a measurement.

Methodology §11.1 publishes the thresholds the sentences below use: all eight channels present for the full comparison, at least three for the claim to be testable here at all, and 2.0 volatility units for a move to be described as outside a series' normal variation. Those are published wording choices, not statistical tests.

Dimensions of exposure to Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022, each with its status and one published figure.
DimensionStatusPublished figure, or why there is none
Direct crude exposure (D1)Share of imported crude whose route requires the Strait of Hormuz.Range only
15.25–20.27 % of imported tonnes at +30 d (2022-07) · no midpoint
Direct product exposure (D2)Share of imported refined product whose route requires the Strait of Hormuz.Observed
0 % of imported tonnes at +30 d (published 2022-07-01)
Emergency stock cover (D7)Days of cover the published emergency stocks amount to. A buffer against a supply disruption, not a share of imports, and not a price channel.Observed
107.0 days of cover at +30 d (published 2022-07-01)0.00% from the level at T0 = 0.00 volatility units
Crude benchmarkThe quoted crude price European cargoes are priced against.Observed
119.2 $ per barrel at +30 d (published 2022-07-01)-2.45% from the level at T0 = -0.55 volatility units
Refined-product benchmarkThe quoted product price refineries and wholesalers price against.UnavailableEU refined-product benchmarks (Platts / Argus) are proprietary with no redistribution grant. US crack spreads are not a valid EU proxy and are not substituted.
Refining marginWhat refining a barrel into this product earned.UnavailableNo published refining-margin series is held, and computing a margin ourselves would need the licensed EU product benchmarks, which may not be republished.
Freight ratesWhat it cost to ship the cargo.UnavailableTanker freight rates are licensed such that public display, onward passing and derived data are all expressly prohibited, verified verbatim, and no open institution publishes a tanker rate.
InventoriesStocks held, which absorb or amplify a supply change.Observed
7,655,300 tonnes at +30 d (published 2022-07-01)+2.31% from the level at T0 = +0.86 volatility units
Wholesale pricesThe price between the refinery gate and the forecourt.UnavailableWholesale / rack price series are proprietary with no redistribution grant.
Pump price before taxThe pump price with excise, VAT and other fuel taxes stripped out.Observed
1.344 € per litre at +30 d (published 2022-06-27)+19.78% from the level at T0 = +4.04 volatility units
Pump price with taxWhat a driver actually paid.Observed
2.178 € per litre at +30 d (published 2022-06-27)+14.07% from the level at T0 = +5.22 volatility units

Physical exposure to the Strait of Hormuz and price exposure are different questions. A country with almost no direct physical exposure can still see its pump price move, because crude is priced globally - and a series that moved in this window may have moved for other reasons.

What the pump price did around this date

The decomposition page can be pinned to the weeks around the event date, so the pump move can be split into tax, input cost and the part the input cost does not account for.

Price decomposition, 2022-05-25 to 2022-07-01 →

The window is the published event date minus 7 days to plus 30 days. It is a window for looking, not a claim that the event caused what is inside it.

Actual vs crude-only: Belgium, petrol (euro-super 95)

What the pre-tax price did from four weeks before to thirteen weeks after the event week, next to what it would have done had it followed only the crude input cost at the speed the stored pass-through estimate measures. The shaded difference is not explained by crude; it is not attributed to the event or to anything else. No fuel is selected, so petrol is shown.

The crude-only comparison could not be read.

API 404 for /api/events/de-tankrabatt-2022/crude-only: No stored crude-only run for 'de-tankrabatt-2022' and country 'belgium'. Runs are stored for the pilot countries; available_countries lists them.

What the numbers support, sentence by sentence

Each sentence comes from a fixed template, chosen by published thresholds. Open “why this sentence” to see the numbers that selected it. None of this text is written by a language model, and none of it attributes cause.

  1. In the 7 days after Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022, Belgium's pre-tax petrol price moved +5.4%, which is 0.7 times its normal week-to-week variation over the previous three years — within that range.

    about BelgiumCalculatedOfficial
    Why this sentence
    Variables
    t0
    2022-06-01T00:00:00+00:00
    fuel
    petrol
    unit
    EUR/L
    event
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    value
    1.21668
    status
    OBSERVED
    country
    Belgium
    z_score
    4.858770653359655
    t0_value
    1.15387
    fuel_type
    EURO_SUPER_95
    change_pct
    5.443420835969393
    event_name
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    event_slug
    de-tankrabatt-2022
    event_type
    TAX_CHANGE
    offset_days
    7
    series_code
    RETAIL_PRETAX_BE_EURO_SUPER_95
    series_kind
    pre-tax
    country_iso2
    BE
    country_name
    Belgium
    country_slug
    belgium
    variation_label
    week-to-week
    observation_date
    2022-06-06
    same_observation
    false
    volatility_units
    0.6723273332905694
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.06281000000000003
    change_pct_from_t0
    5.443420835969393
    observation_gap_days
    2
    normal_volatility_pct
    8.096384850706094
    change_in_volatility_units
    0.6723273332905694
    Thresholds
    source
    v1 choice of this module; docs/PRICE_MODEL.md §2.2 requires the comparison but publishes no cut-off
    volatility_definition
    sample sd of period-over-period % changes over the 3 years before T0, at the series' own frequency (week-to-week)
    unusual_move_volatility_units
    2
    Inputs
    t0
    2022-06-01T00:00:00+00:00
    fuel
    petrol
    unit
    EUR/L
    event
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    value
    1.21668
    status
    OBSERVED
    country
    Belgium
    z_score
    4.858770653359655
    t0_value
    1.15387
    fuel_type
    EURO_SUPER_95
    change_pct
    5.443420835969393
    event_name
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    event_slug
    de-tankrabatt-2022
    event_type
    TAX_CHANGE
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    offset_days
    7
    series_code
    RETAIL_PRETAX_BE_EURO_SUPER_95
    series_kind
    pre-tax
    country_iso2
    BE
    country_name
    Belgium
    country_slug
    belgium
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2022-06-06
    same_observation
    false
    volatility_units
    0.6723273332905694
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.06281000000000003
    change_pct_from_t0
    5.443420835969393
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    2
    normal_volatility_pct
    8.096384850706094
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    0.6723273332905694

    Template event.price_move.within_normal v1.1 · Fingerprint ed2b9c52e9aeaccb23d37a8fdbf062432959b46d7a5fae6234130015f5432fee · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  2. In the 30 days after Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022, Belgium's pre-tax petrol price moved +6.8%, which is 0.8 times its normal week-to-week variation over the previous three years — within that range.

    about BelgiumCalculatedOfficial
    Why this sentence
    Variables
    t0
    2022-06-01T00:00:00+00:00
    fuel
    petrol
    unit
    EUR/L
    event
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    value
    1.23289
    status
    OBSERVED
    country
    Belgium
    z_score
    5.213637515723261
    t0_value
    1.15387
    fuel_type
    EURO_SUPER_95
    change_pct
    6.848258469324976
    event_name
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    event_slug
    de-tankrabatt-2022
    event_type
    TAX_CHANGE
    offset_days
    30
    series_code
    RETAIL_PRETAX_BE_EURO_SUPER_95
    series_kind
    pre-tax
    country_iso2
    BE
    country_name
    Belgium
    country_slug
    belgium
    variation_label
    week-to-week
    observation_date
    2022-06-27
    same_observation
    false
    volatility_units
    0.8458415200863052
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.07902000000000009
    change_pct_from_t0
    6.848258469324976
    observation_gap_days
    4
    normal_volatility_pct
    8.096384850706094
    change_in_volatility_units
    0.8458415200863052
    Thresholds
    source
    v1 choice of this module; docs/PRICE_MODEL.md §2.2 requires the comparison but publishes no cut-off
    volatility_definition
    sample sd of period-over-period % changes over the 3 years before T0, at the series' own frequency (week-to-week)
    unusual_move_volatility_units
    2
    Inputs
    t0
    2022-06-01T00:00:00+00:00
    fuel
    petrol
    unit
    EUR/L
    event
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    value
    1.23289
    status
    OBSERVED
    country
    Belgium
    z_score
    5.213637515723261
    t0_value
    1.15387
    fuel_type
    EURO_SUPER_95
    change_pct
    6.848258469324976
    event_name
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    event_slug
    de-tankrabatt-2022
    event_type
    TAX_CHANGE
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    offset_days
    30
    series_code
    RETAIL_PRETAX_BE_EURO_SUPER_95
    series_kind
    pre-tax
    country_iso2
    BE
    country_name
    Belgium
    country_slug
    belgium
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2022-06-27
    same_observation
    false
    volatility_units
    0.8458415200863052
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.07902000000000009
    change_pct_from_t0
    6.848258469324976
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    4
    normal_volatility_pct
    8.096384850706094
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    0.8458415200863052

    Template event.price_move.within_normal v1.1 · Fingerprint 1de9e3417229bdc142b1c22b11d3faf021e37fb9a417eeeb72758291733f5596 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  3. In the 90 days after Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022, Belgium's pre-tax petrol price moved -15.3%, which is 1.9 times its normal week-to-week variation over the previous three years — within that range.

    about BelgiumCalculatedOfficial
    Why this sentence
    Variables
    t0
    2022-06-01T00:00:00+00:00
    fuel
    petrol
    unit
    EUR/L
    event
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    value
    0.97711
    status
    OBSERVED
    country
    Belgium
    z_score
    -0.38585946486667366
    t0_value
    1.15387
    fuel_type
    EURO_SUPER_95
    change_pct
    -15.318883409742858
    event_name
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    event_slug
    de-tankrabatt-2022
    event_type
    TAX_CHANGE
    offset_days
    90
    series_code
    RETAIL_PRETAX_BE_EURO_SUPER_95
    series_kind
    pre-tax
    country_iso2
    BE
    country_name
    Belgium
    country_slug
    belgium
    variation_label
    week-to-week
    observation_date
    2022-08-29
    same_observation
    false
    volatility_units
    -1.8920646303525062
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.17675999999999992
    change_pct_from_t0
    -15.318883409742858
    observation_gap_days
    1
    normal_volatility_pct
    8.096384850706094
    change_in_volatility_units
    -1.8920646303525062
    Thresholds
    source
    v1 choice of this module; docs/PRICE_MODEL.md §2.2 requires the comparison but publishes no cut-off
    volatility_definition
    sample sd of period-over-period % changes over the 3 years before T0, at the series' own frequency (week-to-week)
    unusual_move_volatility_units
    2
    Inputs
    t0
    2022-06-01T00:00:00+00:00
    fuel
    petrol
    unit
    EUR/L
    event
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    value
    0.97711
    status
    OBSERVED
    country
    Belgium
    z_score
    -0.38585946486667366
    t0_value
    1.15387
    fuel_type
    EURO_SUPER_95
    change_pct
    -15.318883409742858
    event_name
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    event_slug
    de-tankrabatt-2022
    event_type
    TAX_CHANGE
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    offset_days
    90
    series_code
    RETAIL_PRETAX_BE_EURO_SUPER_95
    series_kind
    pre-tax
    country_iso2
    BE
    country_name
    Belgium
    country_slug
    belgium
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2022-08-29
    same_observation
    false
    volatility_units
    -1.8920646303525062
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.17675999999999992
    change_pct_from_t0
    -15.318883409742858
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    1
    normal_volatility_pct
    8.096384850706094
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    -1.8920646303525062

    Template event.price_move.within_normal v1.1 · Fingerprint ff325d030364d8ab435d08dc1ff8bebc87c3d35625bbe2097ec74f0e3bc55a16 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  4. In the 7 days after Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022, Belgium's tax-inclusive petrol price moved +3.9%, which is 1.1 times its normal week-to-week variation over the previous three years — within that range.

    about BelgiumCalculatedOfficial
    Why this sentence
    Variables
    t0
    2022-06-01T00:00:00+00:00
    fuel
    petrol
    unit
    EUR/L
    event
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    value
    2.02338
    status
    OBSERVED
    country
    Belgium
    z_score
    3.1982998907941527
    t0_value
    1.94738
    fuel_type
    EURO_SUPER_95
    change_pct
    3.9026794975813575
    event_name
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    event_slug
    de-tankrabatt-2022
    event_type
    TAX_CHANGE
    offset_days
    7
    series_code
    RETAIL_INCLTAX_BE_EURO_SUPER_95
    series_kind
    tax-inclusive
    country_iso2
    BE
    country_name
    Belgium
    country_slug
    belgium
    variation_label
    week-to-week
    observation_date
    2022-06-06
    same_observation
    false
    volatility_units
    1.1344042390709508
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.07599999999999985
    change_pct_from_t0
    3.9026794975813575
    observation_gap_days
    2
    normal_volatility_pct
    3.4402899452998836
    change_in_volatility_units
    1.1344042390709508
    Thresholds
    source
    v1 choice of this module; docs/PRICE_MODEL.md §2.2 requires the comparison but publishes no cut-off
    volatility_definition
    sample sd of period-over-period % changes over the 3 years before T0, at the series' own frequency (week-to-week)
    unusual_move_volatility_units
    2
    Inputs
    t0
    2022-06-01T00:00:00+00:00
    fuel
    petrol
    unit
    EUR/L
    event
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    value
    2.02338
    status
    OBSERVED
    country
    Belgium
    z_score
    3.1982998907941527
    t0_value
    1.94738
    fuel_type
    EURO_SUPER_95
    change_pct
    3.9026794975813575
    event_name
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    event_slug
    de-tankrabatt-2022
    event_type
    TAX_CHANGE
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    offset_days
    7
    series_code
    RETAIL_INCLTAX_BE_EURO_SUPER_95
    series_kind
    tax-inclusive
    country_iso2
    BE
    country_name
    Belgium
    country_slug
    belgium
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2022-06-06
    same_observation
    false
    volatility_units
    1.1344042390709508
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.07599999999999985
    change_pct_from_t0
    3.9026794975813575
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    2
    normal_volatility_pct
    3.4402899452998836
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    1.1344042390709508

    Template event.price_move.within_normal v1.1 · Fingerprint 1ff7771775e7e54ffc35019ccbbf1c1b385ec66c7b2f081999c324240d1254ec · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  5. In the 30 days after Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022, Belgium's tax-inclusive petrol price moved +4.9%, which is 1.4 times its normal week-to-week variation over the previous three years — within that range.

    about BelgiumCalculatedOfficial
    Why this sentence
    Variables
    t0
    2022-06-01T00:00:00+00:00
    fuel
    petrol
    unit
    EUR/L
    event
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    value
    2.04299
    status
    OBSERVED
    country
    Belgium
    z_score
    3.4852667683739402
    t0_value
    1.94738
    fuel_type
    EURO_SUPER_95
    change_pct
    4.909673510049398
    event_name
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    event_slug
    de-tankrabatt-2022
    event_type
    TAX_CHANGE
    offset_days
    30
    series_code
    RETAIL_INCLTAX_BE_EURO_SUPER_95
    series_kind
    tax-inclusive
    country_iso2
    BE
    country_name
    Belgium
    country_slug
    belgium
    variation_label
    week-to-week
    observation_date
    2022-06-27
    same_observation
    false
    volatility_units
    1.427110385494392
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.09560999999999997
    change_pct_from_t0
    4.909673510049398
    observation_gap_days
    4
    normal_volatility_pct
    3.4402899452998836
    change_in_volatility_units
    1.427110385494392
    Thresholds
    source
    v1 choice of this module; docs/PRICE_MODEL.md §2.2 requires the comparison but publishes no cut-off
    volatility_definition
    sample sd of period-over-period % changes over the 3 years before T0, at the series' own frequency (week-to-week)
    unusual_move_volatility_units
    2
    Inputs
    t0
    2022-06-01T00:00:00+00:00
    fuel
    petrol
    unit
    EUR/L
    event
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    value
    2.04299
    status
    OBSERVED
    country
    Belgium
    z_score
    3.4852667683739402
    t0_value
    1.94738
    fuel_type
    EURO_SUPER_95
    change_pct
    4.909673510049398
    event_name
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    event_slug
    de-tankrabatt-2022
    event_type
    TAX_CHANGE
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    offset_days
    30
    series_code
    RETAIL_INCLTAX_BE_EURO_SUPER_95
    series_kind
    tax-inclusive
    country_iso2
    BE
    country_name
    Belgium
    country_slug
    belgium
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2022-06-27
    same_observation
    false
    volatility_units
    1.427110385494392
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.09560999999999997
    change_pct_from_t0
    4.909673510049398
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    4
    normal_volatility_pct
    3.4402899452998836
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    1.427110385494392

    Template event.price_move.within_normal v1.1 · Fingerprint 9f55ef83d53a2eb3b7bcfe1e4d18ac9b52712a5237cc497224968f2dc3a0ed86 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  6. In the 90 days after Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022, Belgium's tax-inclusive petrol price moved -11.0%, which is 3.2 times its normal week-to-week variation over the previous three years — outside that range.

    about BelgiumCalculatedOfficial
    Why this sentence
    Variables
    t0
    2022-06-01T00:00:00+00:00
    fuel
    petrol
    unit
    EUR/L
    event
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    value
    1.7335
    status
    OBSERVED
    country
    Belgium
    z_score
    -1.0437173694214605
    t0_value
    1.94738
    fuel_type
    EURO_SUPER_95
    change_pct
    -10.982961722930298
    event_name
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    event_slug
    de-tankrabatt-2022
    event_type
    TAX_CHANGE
    offset_days
    90
    series_code
    RETAIL_INCLTAX_BE_EURO_SUPER_95
    series_kind
    tax-inclusive
    country_iso2
    BE
    country_name
    Belgium
    country_slug
    belgium
    variation_label
    week-to-week
    observation_date
    2022-08-29
    same_observation
    false
    volatility_units
    -3.1924523506907305
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.21388000000000007
    change_pct_from_t0
    -10.982961722930298
    observation_gap_days
    1
    normal_volatility_pct
    3.4402899452998836
    change_in_volatility_units
    -3.1924523506907305
    Thresholds
    source
    v1 choice of this module; docs/PRICE_MODEL.md §2.2 requires the comparison but publishes no cut-off
    volatility_definition
    sample sd of period-over-period % changes over the 3 years before T0, at the series' own frequency (week-to-week)
    unusual_move_volatility_units
    2
    Inputs
    t0
    2022-06-01T00:00:00+00:00
    fuel
    petrol
    unit
    EUR/L
    event
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    value
    1.7335
    status
    OBSERVED
    country
    Belgium
    z_score
    -1.0437173694214605
    t0_value
    1.94738
    fuel_type
    EURO_SUPER_95
    change_pct
    -10.982961722930298
    event_name
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    event_slug
    de-tankrabatt-2022
    event_type
    TAX_CHANGE
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    offset_days
    90
    series_code
    RETAIL_INCLTAX_BE_EURO_SUPER_95
    series_kind
    tax-inclusive
    country_iso2
    BE
    country_name
    Belgium
    country_slug
    belgium
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2022-08-29
    same_observation
    false
    volatility_units
    -3.1924523506907305
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.21388000000000007
    change_pct_from_t0
    -10.982961722930298
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    1
    normal_volatility_pct
    3.4402899452998836
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    -3.1924523506907305

    Template event.price_move.outside_normal v1.1 · Fingerprint 2a4890f55b9eebb7b0470df1b7f009e9846be64a4ac32d40a84aab7b4f501ba9 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  7. In the 7 days after Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022, Belgium's tax-component petrol price moved +1.7%, which is 0.9 times its normal week-to-week variation over the previous three years — within that range.

    about BelgiumCalculatedOfficial
    Why this sentence
    Variables
    t0
    2022-06-01T00:00:00+00:00
    fuel
    petrol
    unit
    EUR/L
    event
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    value
    0.8067
    status
    OBSERVED
    country
    Belgium
    z_score
    -0.04234344718639537
    t0_value
    0.79351
    fuel_type
    EURO_SUPER_95
    change_pct
    1.6622348804677853
    event_name
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    event_slug
    de-tankrabatt-2022
    event_type
    TAX_CHANGE
    offset_days
    7
    series_code
    TAX_COMPONENT_BE_EURO_SUPER_95
    series_kind
    tax-component
    country_iso2
    BE
    country_name
    Belgium
    country_slug
    belgium
    variation_label
    week-to-week
    observation_date
    2022-06-06
    same_observation
    false
    volatility_units
    0.9107034148849563
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.013189999999999924
    change_pct_from_t0
    1.6622348804677853
    observation_gap_days
    2
    normal_volatility_pct
    1.8252208713610296
    change_in_volatility_units
    0.9107034148849563
    Thresholds
    source
    v1 choice of this module; docs/PRICE_MODEL.md §2.2 requires the comparison but publishes no cut-off
    volatility_definition
    sample sd of period-over-period % changes over the 3 years before T0, at the series' own frequency (week-to-week)
    unusual_move_volatility_units
    2
    Inputs
    t0
    2022-06-01T00:00:00+00:00
    fuel
    petrol
    unit
    EUR/L
    event
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    value
    0.8067
    status
    OBSERVED
    country
    Belgium
    z_score
    -0.04234344718639537
    t0_value
    0.79351
    fuel_type
    EURO_SUPER_95
    change_pct
    1.6622348804677853
    event_name
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    event_slug
    de-tankrabatt-2022
    event_type
    TAX_CHANGE
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    offset_days
    7
    series_code
    TAX_COMPONENT_BE_EURO_SUPER_95
    series_kind
    tax-component
    country_iso2
    BE
    country_name
    Belgium
    country_slug
    belgium
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2022-06-06
    same_observation
    false
    volatility_units
    0.9107034148849563
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.013189999999999924
    change_pct_from_t0
    1.6622348804677853
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    2
    normal_volatility_pct
    1.8252208713610296
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    0.9107034148849563

    Template event.price_move.within_normal v1.1 · Fingerprint e3ba04a7c3ed76b5eba7e46f415dafa3149a0d179644412fbb7be3a748072da0 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  8. In the 30 days after Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022, Belgium's tax-component petrol price moved +2.1%, which is 1.1 times its normal week-to-week variation over the previous three years — within that range.

    about BelgiumCalculatedOfficial
    Why this sentence
    Variables
    t0
    2022-06-01T00:00:00+00:00
    fuel
    petrol
    unit
    EUR/L
    event
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    value
    0.8101
    status
    OBSERVED
    country
    Belgium
    z_score
    0.0001607300821078436
    t0_value
    0.79351
    fuel_type
    EURO_SUPER_95
    change_pct
    2.0907108921122597
    event_name
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    event_slug
    de-tankrabatt-2022
    event_type
    TAX_CHANGE
    offset_days
    30
    series_code
    TAX_COMPONENT_BE_EURO_SUPER_95
    series_kind
    tax-component
    country_iso2
    BE
    country_name
    Belgium
    country_slug
    belgium
    variation_label
    week-to-week
    observation_date
    2022-06-27
    same_observation
    false
    volatility_units
    1.1454563800562174
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.016589999999999994
    change_pct_from_t0
    2.0907108921122597
    observation_gap_days
    4
    normal_volatility_pct
    1.8252208713610296
    change_in_volatility_units
    1.1454563800562174
    Thresholds
    source
    v1 choice of this module; docs/PRICE_MODEL.md §2.2 requires the comparison but publishes no cut-off
    volatility_definition
    sample sd of period-over-period % changes over the 3 years before T0, at the series' own frequency (week-to-week)
    unusual_move_volatility_units
    2
    Inputs
    t0
    2022-06-01T00:00:00+00:00
    fuel
    petrol
    unit
    EUR/L
    event
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    value
    0.8101
    status
    OBSERVED
    country
    Belgium
    z_score
    0.0001607300821078436
    t0_value
    0.79351
    fuel_type
    EURO_SUPER_95
    change_pct
    2.0907108921122597
    event_name
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    event_slug
    de-tankrabatt-2022
    event_type
    TAX_CHANGE
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    offset_days
    30
    series_code
    TAX_COMPONENT_BE_EURO_SUPER_95
    series_kind
    tax-component
    country_iso2
    BE
    country_name
    Belgium
    country_slug
    belgium
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2022-06-27
    same_observation
    false
    volatility_units
    1.1454563800562174
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.016589999999999994
    change_pct_from_t0
    2.0907108921122597
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    4
    normal_volatility_pct
    1.8252208713610296
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    1.1454563800562174

    Template event.price_move.within_normal v1.1 · Fingerprint 5a452b45c9217d9bb3fecd1fedbb30cbbd5a3fc70c3659e5c98f2c3714e81beb · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  9. In the 90 days after Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022, Belgium's tax-component petrol price moved -4.7%, which is 2.6 times its normal week-to-week variation over the previous three years — outside that range.

    about BelgiumCalculatedOfficial
    Why this sentence
    Variables
    t0
    2022-06-01T00:00:00+00:00
    fuel
    petrol
    unit
    EUR/L
    event
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    value
    0.75639
    status
    OBSERVED
    country
    Belgium
    z_score
    -0.6712802584741459
    t0_value
    0.79351
    fuel_type
    EURO_SUPER_95
    change_pct
    -4.6779498683066425
    event_name
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    event_slug
    de-tankrabatt-2022
    event_type
    TAX_CHANGE
    offset_days
    90
    series_code
    TAX_COMPONENT_BE_EURO_SUPER_95
    series_kind
    tax-component
    country_iso2
    BE
    country_name
    Belgium
    country_slug
    belgium
    variation_label
    week-to-week
    observation_date
    2022-08-29
    same_observation
    false
    volatility_units
    -2.5629500197520705
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.03712000000000004
    change_pct_from_t0
    -4.6779498683066425
    observation_gap_days
    1
    normal_volatility_pct
    1.8252208713610296
    change_in_volatility_units
    -2.5629500197520705
    Thresholds
    source
    v1 choice of this module; docs/PRICE_MODEL.md §2.2 requires the comparison but publishes no cut-off
    volatility_definition
    sample sd of period-over-period % changes over the 3 years before T0, at the series' own frequency (week-to-week)
    unusual_move_volatility_units
    2
    Inputs
    t0
    2022-06-01T00:00:00+00:00
    fuel
    petrol
    unit
    EUR/L
    event
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    value
    0.75639
    status
    OBSERVED
    country
    Belgium
    z_score
    -0.6712802584741459
    t0_value
    0.79351
    fuel_type
    EURO_SUPER_95
    change_pct
    -4.6779498683066425
    event_name
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    event_slug
    de-tankrabatt-2022
    event_type
    TAX_CHANGE
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    offset_days
    90
    series_code
    TAX_COMPONENT_BE_EURO_SUPER_95
    series_kind
    tax-component
    country_iso2
    BE
    country_name
    Belgium
    country_slug
    belgium
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2022-08-29
    same_observation
    false
    volatility_units
    -2.5629500197520705
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    -0.03712000000000004
    change_pct_from_t0
    -4.6779498683066425
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    1
    normal_volatility_pct
    1.8252208713610296
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    -2.5629500197520705

    Template event.price_move.outside_normal v1.1 · Fingerprint a365bf3e1eeddcc83b8c0cdbc59da85445de70233599610b163df90c5e98f39a · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  10. In the 7 days after Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022, Belgium's pre-tax diesel price moved +5.5%, which is 1.1 times its normal week-to-week variation over the previous three years — within that range.

    about BelgiumCalculatedOfficial
    Why this sentence
    Variables
    t0
    2022-06-01T00:00:00+00:00
    fuel
    diesel
    unit
    EUR/L
    event
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    value
    1.1843
    status
    OBSERVED
    country
    Belgium
    z_score
    0.778904430239356
    t0_value
    1.12246
    fuel_type
    DIESEL
    change_pct
    5.509327726600493
    event_name
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    event_slug
    de-tankrabatt-2022
    event_type
    TAX_CHANGE
    offset_days
    7
    series_code
    RETAIL_PRETAX_BE_DIESEL
    series_kind
    pre-tax
    country_iso2
    BE
    country_name
    Belgium
    country_slug
    belgium
    variation_label
    week-to-week
    observation_date
    2022-06-06
    same_observation
    false
    volatility_units
    1.1256169800528835
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.061839999999999895
    change_pct_from_t0
    5.509327726600493
    observation_gap_days
    2
    normal_volatility_pct
    4.89449592910517
    change_in_volatility_units
    1.1256169800528835
    Thresholds
    source
    v1 choice of this module; docs/PRICE_MODEL.md §2.2 requires the comparison but publishes no cut-off
    volatility_definition
    sample sd of period-over-period % changes over the 3 years before T0, at the series' own frequency (week-to-week)
    unusual_move_volatility_units
    2
    Inputs
    t0
    2022-06-01T00:00:00+00:00
    fuel
    diesel
    unit
    EUR/L
    event
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    value
    1.1843
    status
    OBSERVED
    country
    Belgium
    z_score
    0.778904430239356
    t0_value
    1.12246
    fuel_type
    DIESEL
    change_pct
    5.509327726600493
    event_name
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    event_slug
    de-tankrabatt-2022
    event_type
    TAX_CHANGE
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    offset_days
    7
    series_code
    RETAIL_PRETAX_BE_DIESEL
    series_kind
    pre-tax
    country_iso2
    BE
    country_name
    Belgium
    country_slug
    belgium
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2022-06-06
    same_observation
    false
    volatility_units
    1.1256169800528835
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.061839999999999895
    change_pct_from_t0
    5.509327726600493
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    2
    normal_volatility_pct
    4.89449592910517
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    1.1256169800528835

    Template event.price_move.within_normal v1.1 · Fingerprint be861148d41f285ca08a107e95d63e296dab8687658997d08c460092657d0170 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  11. In the 30 days after Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022, Belgium's pre-tax diesel price moved +19.8%, which is 4.0 times its normal week-to-week variation over the previous three years — outside that range.

    about BelgiumCalculatedOfficial
    Why this sentence
    Variables
    t0
    2022-06-01T00:00:00+00:00
    fuel
    diesel
    unit
    EUR/L
    event
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    value
    1.3444800000000001
    status
    OBSERVED
    country
    Belgium
    z_score
    2.9987513698478887
    t0_value
    1.12246
    fuel_type
    DIESEL
    change_pct
    19.779769434991014
    event_name
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    event_slug
    de-tankrabatt-2022
    event_type
    TAX_CHANGE
    offset_days
    30
    series_code
    RETAIL_PRETAX_BE_DIESEL
    series_kind
    pre-tax
    country_iso2
    BE
    country_name
    Belgium
    country_slug
    belgium
    variation_label
    week-to-week
    observation_date
    2022-06-27
    same_observation
    false
    volatility_units
    4.041227068424026
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.2220200000000001
    change_pct_from_t0
    19.779769434991014
    observation_gap_days
    4
    normal_volatility_pct
    4.89449592910517
    change_in_volatility_units
    4.041227068424026
    Thresholds
    source
    v1 choice of this module; docs/PRICE_MODEL.md §2.2 requires the comparison but publishes no cut-off
    volatility_definition
    sample sd of period-over-period % changes over the 3 years before T0, at the series' own frequency (week-to-week)
    unusual_move_volatility_units
    2
    Inputs
    t0
    2022-06-01T00:00:00+00:00
    fuel
    diesel
    unit
    EUR/L
    event
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    value
    1.3444800000000001
    status
    OBSERVED
    country
    Belgium
    z_score
    2.9987513698478887
    t0_value
    1.12246
    fuel_type
    DIESEL
    change_pct
    19.779769434991014
    event_name
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    event_slug
    de-tankrabatt-2022
    event_type
    TAX_CHANGE
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    offset_days
    30
    series_code
    RETAIL_PRETAX_BE_DIESEL
    series_kind
    pre-tax
    country_iso2
    BE
    country_name
    Belgium
    country_slug
    belgium
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2022-06-27
    same_observation
    false
    volatility_units
    4.041227068424026
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.2220200000000001
    change_pct_from_t0
    19.779769434991014
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    4
    normal_volatility_pct
    4.89449592910517
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    4.041227068424026

    Template event.price_move.outside_normal v1.1 · Fingerprint 719b71c7b2090221f13497b3e4e59028ca10d9c95795838cfd40f1c92e89a217 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  12. In the 90 days after Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022, Belgium's pre-tax diesel price moved +7.1%, which is 1.4 times its normal week-to-week variation over the previous three years — within that range.

    about BelgiumCalculatedOfficial
    Why this sentence
    Variables
    t0
    2022-06-01T00:00:00+00:00
    fuel
    diesel
    unit
    EUR/L
    event
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    value
    1.20178
    status
    OBSERVED
    country
    Belgium
    z_score
    1.0211501819209483
    t0_value
    1.12246
    fuel_type
    DIESEL
    change_pct
    7.066621527715915
    event_name
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    event_slug
    de-tankrabatt-2022
    event_type
    TAX_CHANGE
    offset_days
    90
    series_code
    RETAIL_PRETAX_BE_DIESEL
    series_kind
    pre-tax
    country_iso2
    BE
    country_name
    Belgium
    country_slug
    belgium
    variation_label
    week-to-week
    observation_date
    2022-08-29
    same_observation
    false
    volatility_units
    1.4437894381920267
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.07932000000000006
    change_pct_from_t0
    7.066621527715915
    observation_gap_days
    1
    normal_volatility_pct
    4.89449592910517
    change_in_volatility_units
    1.4437894381920267
    Thresholds
    source
    v1 choice of this module; docs/PRICE_MODEL.md §2.2 requires the comparison but publishes no cut-off
    volatility_definition
    sample sd of period-over-period % changes over the 3 years before T0, at the series' own frequency (week-to-week)
    unusual_move_volatility_units
    2
    Inputs
    t0
    2022-06-01T00:00:00+00:00
    fuel
    diesel
    unit
    EUR/L
    event
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    value
    1.20178
    status
    OBSERVED
    country
    Belgium
    z_score
    1.0211501819209483
    t0_value
    1.12246
    fuel_type
    DIESEL
    change_pct
    7.066621527715915
    event_name
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    event_slug
    de-tankrabatt-2022
    event_type
    TAX_CHANGE
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    offset_days
    90
    series_code
    RETAIL_PRETAX_BE_DIESEL
    series_kind
    pre-tax
    country_iso2
    BE
    country_name
    Belgium
    country_slug
    belgium
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2022-08-29
    same_observation
    false
    volatility_units
    1.4437894381920267
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.07932000000000006
    change_pct_from_t0
    7.066621527715915
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    1
    normal_volatility_pct
    4.89449592910517
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    1.4437894381920267

    Template event.price_move.within_normal v1.1 · Fingerprint ea89c89e938dafc44bf9f6a82771a9ac0ce80e138a326a6e233e55ce5e55829b · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  13. In the 7 days after Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022, Belgium's tax-inclusive diesel price moved +3.9%, which is 1.5 times its normal week-to-week variation over the previous three years — within that range.

    about BelgiumCalculatedOfficial
    Why this sentence
    Variables
    t0
    2022-06-01T00:00:00+00:00
    fuel
    diesel
    unit
    EUR/L
    event
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    value
    1.9842000000000002
    status
    OBSERVED
    country
    Belgium
    z_score
    0.19895735241871698
    t0_value
    1.90937
    fuel_type
    DIESEL
    change_pct
    3.9190937324876884
    event_name
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    event_slug
    de-tankrabatt-2022
    event_type
    TAX_CHANGE
    offset_days
    7
    series_code
    RETAIL_INCLTAX_BE_DIESEL
    series_kind
    tax-inclusive
    country_iso2
    BE
    country_name
    Belgium
    country_slug
    belgium
    variation_label
    week-to-week
    observation_date
    2022-06-06
    same_observation
    false
    volatility_units
    1.4541128632944322
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.07483000000000017
    change_pct_from_t0
    3.9190937324876884
    observation_gap_days
    2
    normal_volatility_pct
    2.6951785046510115
    change_in_volatility_units
    1.4541128632944322
    Thresholds
    source
    v1 choice of this module; docs/PRICE_MODEL.md §2.2 requires the comparison but publishes no cut-off
    volatility_definition
    sample sd of period-over-period % changes over the 3 years before T0, at the series' own frequency (week-to-week)
    unusual_move_volatility_units
    2
    Inputs
    t0
    2022-06-01T00:00:00+00:00
    fuel
    diesel
    unit
    EUR/L
    event
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    value
    1.9842000000000002
    status
    OBSERVED
    country
    Belgium
    z_score
    0.19895735241871698
    t0_value
    1.90937
    fuel_type
    DIESEL
    change_pct
    3.9190937324876884
    event_name
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    event_slug
    de-tankrabatt-2022
    event_type
    TAX_CHANGE
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    offset_days
    7
    series_code
    RETAIL_INCLTAX_BE_DIESEL
    series_kind
    tax-inclusive
    country_iso2
    BE
    country_name
    Belgium
    country_slug
    belgium
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2022-06-06
    same_observation
    false
    volatility_units
    1.4541128632944322
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.07483000000000017
    change_pct_from_t0
    3.9190937324876884
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    2
    normal_volatility_pct
    2.6951785046510115
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    1.4541128632944322

    Template event.price_move.within_normal v1.1 · Fingerprint 3a47dc36cec5d2bc16570536d0a257d858bc778bf51caf0226e00b9b05c94560 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  14. In the 30 days after Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022, Belgium's tax-inclusive diesel price moved +14.1%, which is 5.2 times its normal week-to-week variation over the previous three years — outside that range.

    about BelgiumCalculatedOfficial
    Why this sentence
    Variables
    t0
    2022-06-01T00:00:00+00:00
    fuel
    diesel
    unit
    EUR/L
    event
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    value
    2.1780100000000004
    status
    OBSERVED
    country
    Belgium
    z_score
    2.33998591834159
    t0_value
    1.90937
    fuel_type
    DIESEL
    change_pct
    14.069562211619562
    event_name
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    event_slug
    de-tankrabatt-2022
    event_type
    TAX_CHANGE
    offset_days
    30
    series_code
    RETAIL_INCLTAX_BE_DIESEL
    series_kind
    tax-inclusive
    country_iso2
    BE
    country_name
    Belgium
    country_slug
    belgium
    variation_label
    week-to-week
    observation_date
    2022-06-27
    same_observation
    false
    volatility_units
    5.220271008892369
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.26864000000000043
    change_pct_from_t0
    14.069562211619562
    observation_gap_days
    4
    normal_volatility_pct
    2.6951785046510115
    change_in_volatility_units
    5.220271008892369
    Thresholds
    source
    v1 choice of this module; docs/PRICE_MODEL.md §2.2 requires the comparison but publishes no cut-off
    volatility_definition
    sample sd of period-over-period % changes over the 3 years before T0, at the series' own frequency (week-to-week)
    unusual_move_volatility_units
    2
    Inputs
    t0
    2022-06-01T00:00:00+00:00
    fuel
    diesel
    unit
    EUR/L
    event
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    value
    2.1780100000000004
    status
    OBSERVED
    country
    Belgium
    z_score
    2.33998591834159
    t0_value
    1.90937
    fuel_type
    DIESEL
    change_pct
    14.069562211619562
    event_name
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    event_slug
    de-tankrabatt-2022
    event_type
    TAX_CHANGE
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    offset_days
    30
    series_code
    RETAIL_INCLTAX_BE_DIESEL
    series_kind
    tax-inclusive
    country_iso2
    BE
    country_name
    Belgium
    country_slug
    belgium
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2022-06-27
    same_observation
    false
    volatility_units
    5.220271008892369
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.26864000000000043
    change_pct_from_t0
    14.069562211619562
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    4
    normal_volatility_pct
    2.6951785046510115
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    5.220271008892369

    Template event.price_move.outside_normal v1.1 · Fingerprint 735e21a9f7810fa102bc9a6309332fc16161acf14d20ebfd8b40ada8ab0b8f64 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  15. In the 90 days after Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022, Belgium's tax-inclusive diesel price moved +5.0%, which is 1.9 times its normal week-to-week variation over the previous three years — within that range.

    about BelgiumCalculatedOfficial
    Why this sentence
    Variables
    t0
    2022-06-01T00:00:00+00:00
    fuel
    diesel
    unit
    EUR/L
    event
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    value
    2.00534
    status
    OBSERVED
    country
    Belgium
    z_score
    0.43249196819503843
    t0_value
    1.90937
    fuel_type
    DIESEL
    change_pct
    5.026265207895793
    event_name
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    event_slug
    de-tankrabatt-2022
    event_type
    TAX_CHANGE
    offset_days
    90
    series_code
    RETAIL_INCLTAX_BE_DIESEL
    series_kind
    tax-inclusive
    country_iso2
    BE
    country_name
    Belgium
    country_slug
    belgium
    variation_label
    week-to-week
    observation_date
    2022-08-29
    same_observation
    false
    volatility_units
    1.8649099490894852
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.09596999999999989
    change_pct_from_t0
    5.026265207895793
    observation_gap_days
    1
    normal_volatility_pct
    2.6951785046510115
    change_in_volatility_units
    1.8649099490894852
    Thresholds
    source
    v1 choice of this module; docs/PRICE_MODEL.md §2.2 requires the comparison but publishes no cut-off
    volatility_definition
    sample sd of period-over-period % changes over the 3 years before T0, at the series' own frequency (week-to-week)
    unusual_move_volatility_units
    2
    Inputs
    t0
    2022-06-01T00:00:00+00:00
    fuel
    diesel
    unit
    EUR/L
    event
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    value
    2.00534
    status
    OBSERVED
    country
    Belgium
    z_score
    0.43249196819503843
    t0_value
    1.90937
    fuel_type
    DIESEL
    change_pct
    5.026265207895793
    event_name
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    event_slug
    de-tankrabatt-2022
    event_type
    TAX_CHANGE
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    offset_days
    90
    series_code
    RETAIL_INCLTAX_BE_DIESEL
    series_kind
    tax-inclusive
    country_iso2
    BE
    country_name
    Belgium
    country_slug
    belgium
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2022-08-29
    same_observation
    false
    volatility_units
    1.8649099490894852
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.09596999999999989
    change_pct_from_t0
    5.026265207895793
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    1
    normal_volatility_pct
    2.6951785046510115
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    1.8649099490894852

    Template event.price_move.within_normal v1.1 · Fingerprint 5e8deee3f685ba78a9644c7b5ac909d98082b9e5e2ee504df5098e958bf2b184 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  16. In the 7 days after Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022, Belgium's tax-component diesel price moved +1.7%, which is 0.9 times its normal week-to-week variation over the previous three years — within that range.

    about BelgiumCalculatedOfficial
    Why this sentence
    Variables
    t0
    2022-06-01T00:00:00+00:00
    fuel
    diesel
    unit
    EUR/L
    event
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    value
    0.7999000000000002
    status
    OBSERVED
    country
    Belgium
    z_score
    -0.4791242030658657
    t0_value
    0.78691
    fuel_type
    DIESEL
    change_pct
    1.6507605698237624
    event_name
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    event_slug
    de-tankrabatt-2022
    event_type
    TAX_CHANGE
    offset_days
    7
    series_code
    TAX_COMPONENT_BE_DIESEL
    series_kind
    tax-component
    country_iso2
    BE
    country_name
    Belgium
    country_slug
    belgium
    variation_label
    week-to-week
    observation_date
    2022-06-06
    same_observation
    false
    volatility_units
    0.9148578423049568
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.012990000000000168
    change_pct_from_t0
    1.6507605698237624
    observation_gap_days
    2
    normal_volatility_pct
    1.8043902489426344
    change_in_volatility_units
    0.9148578423049568
    Thresholds
    source
    v1 choice of this module; docs/PRICE_MODEL.md §2.2 requires the comparison but publishes no cut-off
    volatility_definition
    sample sd of period-over-period % changes over the 3 years before T0, at the series' own frequency (week-to-week)
    unusual_move_volatility_units
    2
    Inputs
    t0
    2022-06-01T00:00:00+00:00
    fuel
    diesel
    unit
    EUR/L
    event
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    value
    0.7999000000000002
    status
    OBSERVED
    country
    Belgium
    z_score
    -0.4791242030658657
    t0_value
    0.78691
    fuel_type
    DIESEL
    change_pct
    1.6507605698237624
    event_name
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    event_slug
    de-tankrabatt-2022
    event_type
    TAX_CHANGE
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    offset_days
    7
    series_code
    TAX_COMPONENT_BE_DIESEL
    series_kind
    tax-component
    country_iso2
    BE
    country_name
    Belgium
    country_slug
    belgium
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2022-06-06
    same_observation
    false
    volatility_units
    0.9148578423049568
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.012990000000000168
    change_pct_from_t0
    1.6507605698237624
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    2
    normal_volatility_pct
    1.8043902489426344
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    0.9148578423049568

    Template event.price_move.within_normal v1.1 · Fingerprint cdd11f01ff2f34646c3a3284b055fa3677a7fe31824388b2d9b6dd97de0c5dae · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  17. In the 30 days after Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022, Belgium's tax-component diesel price moved +5.9%, which is 3.3 times its normal week-to-week variation over the previous three years — outside that range.

    about BelgiumCalculatedOfficial
    Why this sentence
    Variables
    t0
    2022-06-01T00:00:00+00:00
    fuel
    diesel
    unit
    EUR/L
    event
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    value
    0.8335300000000003
    status
    OBSERVED
    country
    Belgium
    z_score
    -0.05725620245344584
    t0_value
    0.78691
    fuel_type
    DIESEL
    change_pct
    5.9244386270349
    event_name
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    event_slug
    de-tankrabatt-2022
    event_type
    TAX_CHANGE
    offset_days
    30
    series_code
    TAX_COMPONENT_BE_DIESEL
    series_kind
    tax-component
    country_iso2
    BE
    country_name
    Belgium
    country_slug
    belgium
    variation_label
    week-to-week
    observation_date
    2022-06-27
    same_observation
    false
    volatility_units
    3.28334662111292
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.04662000000000033
    change_pct_from_t0
    5.9244386270349
    observation_gap_days
    4
    normal_volatility_pct
    1.8043902489426344
    change_in_volatility_units
    3.28334662111292
    Thresholds
    source
    v1 choice of this module; docs/PRICE_MODEL.md §2.2 requires the comparison but publishes no cut-off
    volatility_definition
    sample sd of period-over-period % changes over the 3 years before T0, at the series' own frequency (week-to-week)
    unusual_move_volatility_units
    2
    Inputs
    t0
    2022-06-01T00:00:00+00:00
    fuel
    diesel
    unit
    EUR/L
    event
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    value
    0.8335300000000003
    status
    OBSERVED
    country
    Belgium
    z_score
    -0.05725620245344584
    t0_value
    0.78691
    fuel_type
    DIESEL
    change_pct
    5.9244386270349
    event_name
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    event_slug
    de-tankrabatt-2022
    event_type
    TAX_CHANGE
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    offset_days
    30
    series_code
    TAX_COMPONENT_BE_DIESEL
    series_kind
    tax-component
    country_iso2
    BE
    country_name
    Belgium
    country_slug
    belgium
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2022-06-27
    same_observation
    false
    volatility_units
    3.28334662111292
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.04662000000000033
    change_pct_from_t0
    5.9244386270349
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    4
    normal_volatility_pct
    1.8043902489426344
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    3.28334662111292

    Template event.price_move.outside_normal v1.1 · Fingerprint f87bb021d8d83b6f5e25b8d4d1865a736393de17084b6a18361ec0f321d5b80a · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  18. In the 90 days after Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022, Belgium's tax-component diesel price moved +2.1%, which is 1.2 times its normal week-to-week variation over the previous three years — within that range.

    about BelgiumCalculatedOfficial
    Why this sentence
    Variables
    t0
    2022-06-01T00:00:00+00:00
    fuel
    diesel
    unit
    EUR/L
    event
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    value
    0.80356
    status
    OBSERVED
    country
    Belgium
    z_score
    -0.4332117177182177
    t0_value
    0.78691
    fuel_type
    DIESEL
    change_pct
    2.1158709382267418
    event_name
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    event_slug
    de-tankrabatt-2022
    event_type
    TAX_CHANGE
    offset_days
    90
    series_code
    TAX_COMPONENT_BE_DIESEL
    series_kind
    tax-component
    country_iso2
    BE
    country_name
    Belgium
    country_slug
    belgium
    variation_label
    week-to-week
    observation_date
    2022-08-29
    same_observation
    false
    volatility_units
    1.1726237932546097
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.016650000000000054
    change_pct_from_t0
    2.1158709382267418
    observation_gap_days
    1
    normal_volatility_pct
    1.8043902489426344
    change_in_volatility_units
    1.1726237932546097
    Thresholds
    source
    v1 choice of this module; docs/PRICE_MODEL.md §2.2 requires the comparison but publishes no cut-off
    volatility_definition
    sample sd of period-over-period % changes over the 3 years before T0, at the series' own frequency (week-to-week)
    unusual_move_volatility_units
    2
    Inputs
    t0
    2022-06-01T00:00:00+00:00
    fuel
    diesel
    unit
    EUR/L
    event
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    value
    0.80356
    status
    OBSERVED
    country
    Belgium
    z_score
    -0.4332117177182177
    t0_value
    0.78691
    fuel_type
    DIESEL
    change_pct
    2.1158709382267418
    event_name
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    event_slug
    de-tankrabatt-2022
    event_type
    TAX_CHANGE
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    offset_days
    90
    series_code
    TAX_COMPONENT_BE_DIESEL
    series_kind
    tax-component
    country_iso2
    BE
    country_name
    Belgium
    country_slug
    belgium
    statement_topic
    event
    variation_label
    week-to-week
    observation_date
    2022-08-29
    same_observation
    false
    volatility_units
    1.1726237932546097
    series_source_ids
    ["ec_weekly_oil_bulletin"]
    change_abs_from_t0
    0.016650000000000054
    change_pct_from_t0
    2.1158709382267418
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    1
    normal_volatility_pct
    1.8043902489426344
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    1.1726237932546097

    Template event.price_move.within_normal v1.1 · Fingerprint bb7f37b6ff21edd1a2d45da366e3601f64b5f25b03ddb2cfe33e7360bd827a25 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  19. Over the 4 weeks after Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022, crude costs alone would have moved Belgium's pre-tax petrol price by +4.3 c/L (range +1.5–+7.2); it actually moved +7.9 c/L, leaving +3.6 c/L not explained by crude.

    about BelgiumCalculatedMedium
    Why this sentence
    Variables
    t0
    2022-06-01T00:00:00+00:00
    fuel
    petrol
    event
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    weeks
    4
    status
    COMPUTED
    country
    Belgium
    fuel_type
    EURO_SUPER_95
    gap_label
    NOT_EXPLAINED_BY_CRUDE
    event_name
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    event_slug
    de-tankrabatt-2022
    event_type
    TAX_CHANGE
    series_code
    CRUDE_ONLY_EXPECTED_BE_EURO_SUPER_95
    country_iso2
    BE
    country_name
    Belgium
    country_slug
    belgium
    offset_weeks
    4
    proxy_product
    GASOLINE
    proxy_to_date
    2022-06-27
    pass_through_k
    0
    proxy_from_date
    2022-05-27
    observation_date
    2022-06-27
    gap_eur_per_litre
    0.035874437033754925
    series_source_ids
    ["ec_weekly_oil_bulletin","eia_brent_rbrte"]
    anchor_period_start
    2022-05-30
    actual_eur_per_litre
    0.07902000000000009
    expected_eur_per_litre
    0.043145562966245166
    proxy_volatility_units
    -0.0631714707771465
    pass_through_sample_end
    2026-09-14
    proxy_change_usd_per_bbl
    -5.850000000000001
    pass_through_sample_start
    2023-09-25
    pass_through_window_label
    ROLLING_156W
    expected_low_eur_per_litre
    0.0145994015933808
    expected_high_eur_per_litre
    0.07169172433910909
    proxy_normal_volatility_pct
    181.24455741814873
    Thresholds
    source
    docs/PRICE_MODEL.md §7.7; horizons are a v1 choice of this module
    proxy_rule
    the proxy sentence is added only when the US crack spread proxy moved by at least UNUSUAL_MOVE_VOLATILITY_UNITS of its normal day-to-day variation over the same weeks
    confidence_cap
    MEDIUM (docs/PRICE_MODEL.md §7.5)
    statement_weeks
    [4,13]
    unusual_move_volatility_units
    2
    Inputs
    t0
    2022-06-01T00:00:00+00:00
    fuel
    petrol
    event
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    weeks
    4
    status
    COMPUTED
    country
    Belgium
    fuel_type
    EURO_SUPER_95
    gap_label
    NOT_EXPLAINED_BY_CRUDE
    event_name
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    event_slug
    de-tankrabatt-2022
    event_type
    TAX_CHANGE
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    series_code
    CRUDE_ONLY_EXPECTED_BE_EURO_SUPER_95
    country_iso2
    BE
    country_name
    Belgium
    country_slug
    belgium
    offset_weeks
    4
    proxy_product
    GASOLINE
    proxy_to_date
    2022-06-27
    pass_through_k
    0
    proxy_from_date
    2022-05-27
    statement_topic
    event
    observation_date
    2022-06-27
    gap_eur_per_litre
    0.035874437033754925
    series_source_ids
    ["ec_weekly_oil_bulletin","eia_brent_rbrte"]
    anchor_period_start
    2022-05-30
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    actual_eur_per_litre
    0.07902000000000009
    expected_eur_per_litre
    0.043145562966245166
    proxy_volatility_units
    -0.0631714707771465
    pass_through_sample_end
    2026-09-14
    proxy_change_usd_per_bbl
    -5.850000000000001
    pass_through_sample_start
    2023-09-25
    pass_through_window_label
    ROLLING_156W
    study_calculation_version
    event_study-1.0
    expected_low_eur_per_litre
    0.0145994015933808
    expected_high_eur_per_litre
    0.07169172433910909
    proxy_normal_volatility_pct
    181.24455741814873

    Template event.crude_only.computed v1.1 · Fingerprint 1c064cd3e0a2f5199f22f727294d99eb2a5ed3998cb691c44f9233348966a68e · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  20. Over the 13 weeks after Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022, crude costs alone would have moved Belgium's pre-tax petrol price by +12.4 c/L (range +3.1–+21.7); it actually moved -17.7 c/L, leaving -30.1 c/L not explained by crude.

    about BelgiumCalculatedMedium
    Why this sentence
    Variables
    t0
    2022-06-01T00:00:00+00:00
    fuel
    petrol
    event
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    weeks
    13
    status
    COMPUTED
    country
    Belgium
    fuel_type
    EURO_SUPER_95
    gap_label
    NOT_EXPLAINED_BY_CRUDE
    event_name
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    event_slug
    de-tankrabatt-2022
    event_type
    TAX_CHANGE
    series_code
    CRUDE_ONLY_EXPECTED_BE_EURO_SUPER_95
    country_iso2
    BE
    country_name
    Belgium
    country_slug
    belgium
    offset_weeks
    13
    proxy_product
    GASOLINE
    proxy_to_date
    2022-08-26
    pass_through_k
    0
    proxy_from_date
    2022-05-27
    observation_date
    2022-08-29
    gap_eur_per_litre
    -0.3009163569089158
    series_source_ids
    ["ec_weekly_oil_bulletin","eia_brent_rbrte"]
    anchor_period_start
    2022-05-30
    actual_eur_per_litre
    -0.17675999999999992
    expected_eur_per_litre
    0.12415635690891591
    proxy_volatility_units
    -0.3403268500876152
    pass_through_sample_end
    2026-09-14
    proxy_change_usd_per_bbl
    -31.516000000000002
    pass_through_sample_start
    2023-09-25
    pass_through_window_label
    ROLLING_156W
    expected_low_eur_per_litre
    0.0312809694758458
    expected_high_eur_per_litre
    0.21703174434198313
    proxy_normal_volatility_pct
    181.24455741814873
    Thresholds
    source
    docs/PRICE_MODEL.md §7.7; horizons are a v1 choice of this module
    proxy_rule
    the proxy sentence is added only when the US crack spread proxy moved by at least UNUSUAL_MOVE_VOLATILITY_UNITS of its normal day-to-day variation over the same weeks
    confidence_cap
    MEDIUM (docs/PRICE_MODEL.md §7.5)
    statement_weeks
    [4,13]
    unusual_move_volatility_units
    2
    Inputs
    t0
    2022-06-01T00:00:00+00:00
    fuel
    petrol
    event
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    weeks
    13
    status
    COMPUTED
    country
    Belgium
    fuel_type
    EURO_SUPER_95
    gap_label
    NOT_EXPLAINED_BY_CRUDE
    event_name
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    event_slug
    de-tankrabatt-2022
    event_type
    TAX_CHANGE
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    series_code
    CRUDE_ONLY_EXPECTED_BE_EURO_SUPER_95
    country_iso2
    BE
    country_name
    Belgium
    country_slug
    belgium
    offset_weeks
    13
    proxy_product
    GASOLINE
    proxy_to_date
    2022-08-26
    pass_through_k
    0
    proxy_from_date
    2022-05-27
    statement_topic
    event
    observation_date
    2022-08-29
    gap_eur_per_litre
    -0.3009163569089158
    series_source_ids
    ["ec_weekly_oil_bulletin","eia_brent_rbrte"]
    anchor_period_start
    2022-05-30
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    actual_eur_per_litre
    -0.17675999999999992
    expected_eur_per_litre
    0.12415635690891591
    proxy_volatility_units
    -0.3403268500876152
    pass_through_sample_end
    2026-09-14
    proxy_change_usd_per_bbl
    -31.516000000000002
    pass_through_sample_start
    2023-09-25
    pass_through_window_label
    ROLLING_156W
    study_calculation_version
    event_study-1.0
    expected_low_eur_per_litre
    0.0312809694758458
    expected_high_eur_per_litre
    0.21703174434198313
    proxy_normal_volatility_pct
    181.24455741814873

    Template event.crude_only.computed v1.1 · Fingerprint 790616b700e17a48c7e564d667a10a0dbfdb08e36555215d2f36e1a365db1b90 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  21. Over the 4 weeks after Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022, crude costs alone would have moved Belgium's pre-tax diesel price by +6.7 c/L (range +2.2–+11.1); it actually moved +22.2 c/L, leaving +15.6 c/L not explained by crude. Over the same period the US diesel crack spread, a proxy for the Atlantic product market and not a European margin, widened by 11.5 $/bbl.

    about BelgiumCalculatedMedium
    Why this sentence
    Variables
    t0
    2022-06-01T00:00:00+00:00
    fuel
    diesel
    event
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    weeks
    4
    status
    COMPUTED
    country
    Belgium
    fuel_type
    DIESEL
    gap_label
    NOT_EXPLAINED_BY_CRUDE
    event_name
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    event_slug
    de-tankrabatt-2022
    event_type
    TAX_CHANGE
    series_code
    CRUDE_ONLY_EXPECTED_BE_DIESEL
    country_iso2
    BE
    country_name
    Belgium
    country_slug
    belgium
    offset_weeks
    4
    proxy_product
    DIESEL
    proxy_to_date
    2022-06-27
    pass_through_k
    2
    proxy_from_date
    2022-05-27
    observation_date
    2022-06-27
    gap_eur_per_litre
    0.15550993882338932
    series_source_ids
    ["ec_weekly_oil_bulletin","eia_brent_rbrte"]
    anchor_period_start
    2022-05-30
    actual_eur_per_litre
    0.2220200000000001
    expected_eur_per_litre
    0.06651006117661079
    proxy_volatility_units
    2.587160761067042
    pass_through_sample_end
    2026-09-14
    proxy_change_usd_per_bbl
    11.537999999999997
    pass_through_sample_start
    2023-09-25
    pass_through_window_label
    ROLLING_156W
    expected_low_eur_per_litre
    0.02154319809558869
    expected_high_eur_per_litre
    0.11147692425763207
    proxy_normal_volatility_pct
    9.342848145796136
    Thresholds
    source
    docs/PRICE_MODEL.md §7.7; horizons are a v1 choice of this module
    proxy_rule
    the proxy sentence is added only when the US crack spread proxy moved by at least UNUSUAL_MOVE_VOLATILITY_UNITS of its normal day-to-day variation over the same weeks
    confidence_cap
    MEDIUM (docs/PRICE_MODEL.md §7.5)
    statement_weeks
    [4,13]
    unusual_move_volatility_units
    2
    Inputs
    t0
    2022-06-01T00:00:00+00:00
    fuel
    diesel
    event
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    weeks
    4
    status
    COMPUTED
    country
    Belgium
    fuel_type
    DIESEL
    gap_label
    NOT_EXPLAINED_BY_CRUDE
    event_name
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    event_slug
    de-tankrabatt-2022
    event_type
    TAX_CHANGE
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    series_code
    CRUDE_ONLY_EXPECTED_BE_DIESEL
    country_iso2
    BE
    country_name
    Belgium
    country_slug
    belgium
    offset_weeks
    4
    proxy_product
    DIESEL
    proxy_to_date
    2022-06-27
    pass_through_k
    2
    proxy_from_date
    2022-05-27
    statement_topic
    event
    observation_date
    2022-06-27
    gap_eur_per_litre
    0.15550993882338932
    series_source_ids
    ["ec_weekly_oil_bulletin","eia_brent_rbrte"]
    anchor_period_start
    2022-05-30
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    actual_eur_per_litre
    0.2220200000000001
    expected_eur_per_litre
    0.06651006117661079
    proxy_volatility_units
    2.587160761067042
    pass_through_sample_end
    2026-09-14
    proxy_change_usd_per_bbl
    11.537999999999997
    pass_through_sample_start
    2023-09-25
    pass_through_window_label
    ROLLING_156W
    study_calculation_version
    event_study-1.0
    expected_low_eur_per_litre
    0.02154319809558869
    expected_high_eur_per_litre
    0.11147692425763207
    proxy_normal_volatility_pct
    9.342848145796136

    Template event.crude_only.computed_with_proxy v1.1 · Fingerprint caee698db7f0528d4f4617aaab06d36369152fbf378a7835e7defec57127e98b · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  22. Over the 13 weeks after Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022, crude costs alone would have moved Belgium's pre-tax diesel price by -4.2 c/L (range -18.3–+9.9); it actually moved +7.9 c/L, leaving +12.1 c/L not explained by crude. Over the same period the US diesel crack spread, a proxy for the Atlantic product market and not a European margin, widened by 19.3 $/bbl.

    about BelgiumCalculatedMedium
    Why this sentence
    Variables
    t0
    2022-06-01T00:00:00+00:00
    fuel
    diesel
    event
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    weeks
    13
    status
    COMPUTED
    country
    Belgium
    fuel_type
    DIESEL
    gap_label
    NOT_EXPLAINED_BY_CRUDE
    event_name
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    event_slug
    de-tankrabatt-2022
    event_type
    TAX_CHANGE
    series_code
    CRUDE_ONLY_EXPECTED_BE_DIESEL
    country_iso2
    BE
    country_name
    Belgium
    country_slug
    belgium
    offset_weeks
    13
    proxy_product
    DIESEL
    proxy_to_date
    2022-08-26
    pass_through_k
    2
    proxy_from_date
    2022-05-27
    observation_date
    2022-08-29
    gap_eur_per_litre
    0.12102347673624705
    series_source_ids
    ["ec_weekly_oil_bulletin","eia_brent_rbrte"]
    anchor_period_start
    2022-05-30
    actual_eur_per_litre
    0.07932000000000006
    expected_eur_per_litre
    -0.041703476736247004
    proxy_volatility_units
    4.337945231721529
    pass_through_sample_end
    2026-09-14
    proxy_change_usd_per_bbl
    19.345999999999997
    pass_through_sample_start
    2023-09-25
    pass_through_window_label
    ROLLING_156W
    expected_low_eur_per_litre
    -0.18271785033347593
    expected_high_eur_per_litre
    0.09931089686098006
    proxy_normal_volatility_pct
    9.342848145796136
    Thresholds
    source
    docs/PRICE_MODEL.md §7.7; horizons are a v1 choice of this module
    proxy_rule
    the proxy sentence is added only when the US crack spread proxy moved by at least UNUSUAL_MOVE_VOLATILITY_UNITS of its normal day-to-day variation over the same weeks
    confidence_cap
    MEDIUM (docs/PRICE_MODEL.md §7.5)
    statement_weeks
    [4,13]
    unusual_move_volatility_units
    2
    Inputs
    t0
    2022-06-01T00:00:00+00:00
    fuel
    diesel
    event
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    weeks
    13
    status
    COMPUTED
    country
    Belgium
    fuel_type
    DIESEL
    gap_label
    NOT_EXPLAINED_BY_CRUDE
    event_name
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    event_slug
    de-tankrabatt-2022
    event_type
    TAX_CHANGE
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    series_code
    CRUDE_ONLY_EXPECTED_BE_DIESEL
    country_iso2
    BE
    country_name
    Belgium
    country_slug
    belgium
    offset_weeks
    13
    proxy_product
    DIESEL
    proxy_to_date
    2022-08-26
    pass_through_k
    2
    proxy_from_date
    2022-05-27
    statement_topic
    event
    observation_date
    2022-08-29
    gap_eur_per_litre
    0.12102347673624705
    series_source_ids
    ["ec_weekly_oil_bulletin","eia_brent_rbrte"]
    anchor_period_start
    2022-05-30
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    actual_eur_per_litre
    0.07932000000000006
    expected_eur_per_litre
    -0.041703476736247004
    proxy_volatility_units
    4.337945231721529
    pass_through_sample_end
    2026-09-14
    proxy_change_usd_per_bbl
    19.345999999999997
    pass_through_sample_start
    2023-09-25
    pass_through_window_label
    ROLLING_156W
    study_calculation_version
    event_study-1.0
    expected_low_eur_per_litre
    -0.18271785033347593
    expected_high_eur_per_litre
    0.09931089686098006
    proxy_normal_volatility_pct
    9.342848145796136

    Template event.crude_only.computed_with_proxy v1.1 · Fingerprint a48d32fb737a1022e7c0fb19c877c650c34c773500ad97a0327adc1f317b61b3 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  23. Direct physical dependence on Hormuz-linked crude was moderate (11%–19%) for Belgium in 2022-06. No point estimate is published: the origins concerned export from both inside and outside the Persian Gulf and the split per period is not public.

    about BelgiumCalculatedMedium
    Why this sentence
    Variables
    t0
    2022-06-01T00:00:00+00:00
    band
    moderate
    unit
    % of imported tonnes
    period
    2022-06
    status
    NO_OBSERVATION
    country
    Belgium
    commodity
    crude
    dimension
    DIRECT_CRUDE
    event_name
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    event_slug
    de-tankrabatt-2022
    event_type
    TAX_CHANGE
    country_iso2
    BE
    country_name
    Belgium
    country_slug
    belgium
    value_max_pct
    19.0499831422792
    value_min_pct
    10.5325101146325
    exposure_status
    RANGE_ONLY
    value_point_pct
    null
    observation_date
    2022-06-01
    Thresholds
    source
    v1 choice of this module; docs/METHODOLOGY.md §9 publishes no bands
    band_applied_to
    upper bound of the range (docs/HORMUZ_METHOD.md §3.2: a range has no meaningful midpoint)
    dependence_limited_max_pct
    10
    dependence_moderate_max_pct
    33
    Inputs
    t0
    2022-06-01T00:00:00+00:00
    band
    moderate
    unit
    % of imported tonnes
    period
    2022-06
    status
    NO_OBSERVATION
    country
    Belgium
    commodity
    crude
    dimension
    DIRECT_CRUDE
    event_name
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    event_slug
    de-tankrabatt-2022
    event_type
    TAX_CHANGE
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    country_iso2
    BE
    country_name
    Belgium
    country_slug
    belgium
    value_max_pct
    19.0499831422792
    value_min_pct
    10.5325101146325
    exposure_status
    RANGE_ONLY
    statement_topic
    hormuz
    value_point_pct
    null
    observation_date
    2022-06-01
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    study_calculation_version
    event_study-1.0

    Template event.dependence.range v1.1 · Fingerprint da3dfb30f41732ae2102fdb8ce95ed2798a61127df1a1e827c1644ccc46a5b5a · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  24. Direct physical dependence on Hormuz-linked refined product was limited (0%–3%) for Belgium in 2022-06. No point estimate is published: the origins concerned export from both inside and outside the Persian Gulf and the split per period is not public.

    about BelgiumCalculatedMedium
    Why this sentence
    Variables
    t0
    2022-06-01T00:00:00+00:00
    band
    limited
    unit
    % of imported tonnes
    period
    2022-06
    status
    NO_OBSERVATION
    country
    Belgium
    commodity
    refined product
    dimension
    DIRECT_PRODUCT
    event_name
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    event_slug
    de-tankrabatt-2022
    event_type
    TAX_CHANGE
    country_iso2
    BE
    country_name
    Belgium
    country_slug
    belgium
    value_max_pct
    3.41549082541028
    value_min_pct
    0
    exposure_status
    RANGE_ONLY
    value_point_pct
    null
    observation_date
    2022-06-01
    Thresholds
    source
    v1 choice of this module; docs/METHODOLOGY.md §9 publishes no bands
    band_applied_to
    upper bound of the range (docs/HORMUZ_METHOD.md §3.2: a range has no meaningful midpoint)
    dependence_limited_max_pct
    10
    dependence_moderate_max_pct
    33
    Inputs
    t0
    2022-06-01T00:00:00+00:00
    band
    limited
    unit
    % of imported tonnes
    period
    2022-06
    status
    NO_OBSERVATION
    country
    Belgium
    commodity
    refined product
    dimension
    DIRECT_PRODUCT
    event_name
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    event_slug
    de-tankrabatt-2022
    event_type
    TAX_CHANGE
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    country_iso2
    BE
    country_name
    Belgium
    country_slug
    belgium
    value_max_pct
    3.41549082541028
    value_min_pct
    0
    exposure_status
    RANGE_ONLY
    statement_topic
    hormuz
    value_point_pct
    null
    observation_date
    2022-06-01
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    study_calculation_version
    event_study-1.0

    Template event.dependence.range v1.1 · Fingerprint 2b6363531f3ad04dc87f75e8663d3a86a41c045dcd94e51652232a48a2387775 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  25. Available evidence does not show a physical supply reduction: Belgium's reported crude imports in 2022-06 were +9.7% against the mean of the previous 12 months.

    about BelgiumCalculatedOfficial
    Why this sentence
    Variables
    t0
    2022-06-01T00:00:00+00:00
    unit
    tonnes
    month
    2022-06
    country
    Belgium
    change_pct
    9.689349112426035
    event_name
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    event_slug
    de-tankrabatt-2022
    event_type
    TAX_CHANGE
    country_iso2
    BE
    country_name
    Belgium
    country_slug
    belgium
    partner_role
    ORIGIN
    value_tonnes
    2372800
    baseline_months
    12
    observation_date
    2022-06-01
    series_source_ids
    ["eurostat_nrg_ti_oilm"]
    baseline_mean_tonnes
    2163200
    Thresholds
    source
    v1 choice of this module; docs/METHODOLOGY.md publishes no cut-off
    min_baseline_months
    6
    baseline_months_used
    12
    supply_reduction_pct
    -10
    supply_baseline_months
    12
    Inputs
    t0
    2022-06-01T00:00:00+00:00
    unit
    tonnes
    month
    2022-06
    country
    Belgium
    change_pct
    9.689349112426035
    event_name
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    event_slug
    de-tankrabatt-2022
    event_type
    TAX_CHANGE
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    country_iso2
    BE
    country_name
    Belgium
    country_slug
    belgium
    partner_role
    ORIGIN
    value_tonnes
    2372800
    baseline_months
    12
    statement_topic
    event
    observation_date
    2022-06-01
    series_source_ids
    ["eurostat_nrg_ti_oilm"]
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    baseline_mean_tonnes
    2163200
    study_calculation_version
    event_study-1.0

    Template event.supply.no_reduction v1.1 · Fingerprint 7fffeea776f7035af5c6d2c071f56be56868561ef9981c155c208bf448143dc0 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  26. In 2022-06, Belgium's oil stocks stood 4.3% below their trailing 12-month mean — inside the 5% either side that this site reads as in line with it, with 107.0 days of cover (as published).

    about BelgiumCalculatedOfficial
    Why this sentence
    Variables
    t0
    2022-06-01T00:00:00+00:00
    unit
    tonnes
    month
    2022-06
    status
    OBSERVED
    country
    Belgium
    direction
    below
    siec_code
    O4000
    event_name
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    event_slug
    de-tankrabatt-2022
    event_type
    TAX_CHANGE
    holder_type
    STK_CL
    series_code
    INVENTORY_BE
    country_iso2
    BE
    country_name
    Belgium
    country_slug
    belgium
    days_of_cover
    107
    metric_status
    COMPUTED
    mom_change_pct
    -2.0833605967414774
    observation_date
    2022-06-01
    series_source_ids
    ["eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm"]
    total_stock_tonnes
    7482300
    days_of_cover_basis
    as published by Eurostat (nrg_stk_oem, STK_EUE_DIR); not stocks divided by consumption (docs/HORMUZ_METHOD.md D7)
    observation_gap_days
    0
    trailing_12m_mean_tonnes
    7821141.666666667
    level_vs_trailing_12m_pct
    -4.332381142139309
    trailing_12m_observations
    12
    Thresholds
    source
    v1 choice of this module; docs/METHODOLOGY.md publishes no band
    band_applied_to
    the rounded figure printed in the sentence
    days_of_cover_basis
    as published (Eurostat nrg_stk_oem, STK_EUE_DIR); never stocks divided by consumption (docs/HORMUZ_METHOD.md D7)
    trailing_window_months
    12
    level_vs_trailing_12m_pct_raw
    -4.332381142139309
    level_vs_trailing_12m_pct_shown
    -4.3
    inventory_material_deviation_pct
    5
    Inputs
    t0
    2022-06-01T00:00:00+00:00
    unit
    tonnes
    month
    2022-06
    status
    OBSERVED
    country
    Belgium
    direction
    below
    siec_code
    O4000
    event_name
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    event_slug
    de-tankrabatt-2022
    event_type
    TAX_CHANGE
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    holder_type
    STK_CL
    series_code
    INVENTORY_BE
    country_iso2
    BE
    country_name
    Belgium
    country_slug
    belgium
    days_of_cover
    107
    metric_status
    COMPUTED
    mom_change_pct
    -2.0833605967414774
    statement_topic
    event
    observation_date
    2022-06-01
    series_source_ids
    ["eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm"]
    total_stock_tonnes
    7482300
    calculation_version
    event_statements-1.0
    days_of_cover_basis
    as published by Eurostat (nrg_stk_oem, STK_EUE_DIR); not stocks divided by consumption (docs/HORMUZ_METHOD.md D7)
    methodology_version
    1.0
    observation_gap_days
    0
    trailing_12m_mean_tonnes
    7821141.666666667
    level_vs_trailing_12m_pct
    -4.332381142139309
    study_calculation_version
    event_study-1.0
    trailing_12m_observations
    12

    Template event.inventory_level.in_line v1.1 · Fingerprint 26ecd1d8b13d62fc08fb0471cfcafef24984aebb17f91cebf29da29053cfb5e8 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  27. Summary of what can be checked here

    Only part of the chain can be checked for Belgium around Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022: 4 of the 8 series the method compares are available (crude benchmark, inventories, pre-tax pump price and pump price with tax), while refined-product benchmark, refining margin, freight rates and wholesale prices are not. Any claim that rests on the missing links cannot be tested here. Direct physical dependence on Hormuz-linked crude was moderate (11–19%) over the period covered. This page describes what each series did around the event date. It is not a finding about cause: no causal design is published for this site, and a series that moved in the same window may have moved for other reasons.

    about BelgiumUnknownUnknown
    Why this sentence
    Variables
    t0
    2022-06-01T00:00:00+00:00
    event
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    country
    Belgium
    event_name
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    event_slug
    de-tankrabatt-2022
    event_type
    TAX_CHANGE
    country_iso2
    BE
    country_name
    Belgium
    country_slug
    belgium
    dependence_band
    moderate
    dependence_range
    11–19%
    channels_available
    ["crude benchmark","inventories","pre-tax pump price","pump price with tax"]
    supply_template_id
    event.supply.no_reduction
    channels_unavailable
    ["refined-product benchmark","refining margin","freight rates","wholesale prices"]
    Thresholds
    source
    v1 choice of this module; the channel list is docs/PRICE_MODEL.md §2.3
    channels_total
    8
    channels_available
    4
    verdict_partial_min_channels
    3
    verdict_assessable_min_channels
    8
    Inputs
    t0
    2022-06-01T00:00:00+00:00
    event
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    country
    Belgium
    event_name
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    event_slug
    de-tankrabatt-2022
    event_type
    TAX_CHANGE
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    country_iso2
    BE
    country_name
    Belgium
    country_slug
    belgium
    dependence_band
    moderate
    statement_topic
    event
    dependence_range
    11–19%
    channels_available
    ["crude benchmark","inventories","pre-tax pump price","pump price with tax"]
    supply_template_id
    event.supply.no_reduction
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    channels_unavailable
    ["refined-product benchmark","refining margin","freight rates","wholesale prices"]
    study_calculation_version
    event_study-1.0

    Template event.verdict.partial v1.1 · Fingerprint ff36ddd5d92b631137cdd9bfa185b1f612bd0f923d44cdadcf1613169f9194f2 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  28. In the 7 days after Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022, the Brent crude benchmark moved +5.7%, which is 1.3 times its normal day-to-day variation over the previous three years — within that range.

    about the event as a wholeCalculatedOfficial
    Why this sentence
    Variables
    t0
    2022-06-01T00:00:00+00:00
    unit
    $/BBL
    event
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    value
    129.2
    status
    OBSERVED
    z_score
    2.0172282715868546
    t0_value
    122.2
    benchmark
    Brent crude
    change_pct
    5.7283142389525255
    event_name
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    event_slug
    de-tankrabatt-2022
    event_type
    TAX_CHANGE
    offset_days
    7
    series_code
    BRENT
    variation_label
    day-to-day
    observation_date
    2022-06-08
    same_observation
    false
    volatility_units
    1.2799598046880034
    series_source_ids
    ["eia_brent_rbrte"]
    change_abs_from_t0
    6.999999999999986
    change_pct_from_t0
    5.7283142389525255
    observation_gap_days
    0
    normal_volatility_pct
    4.4753860378832995
    change_in_volatility_units
    1.2799598046880034
    Thresholds
    source
    v1 choice of this module; docs/PRICE_MODEL.md §2.2 requires the comparison but publishes no cut-off
    volatility_definition
    sample sd of period-over-period % changes over the 3 years before T0, at the series' own frequency (day-to-day)
    unusual_move_volatility_units
    2
    Inputs
    t0
    2022-06-01T00:00:00+00:00
    unit
    $/BBL
    event
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    value
    129.2
    status
    OBSERVED
    z_score
    2.0172282715868546
    t0_value
    122.2
    benchmark
    Brent crude
    change_pct
    5.7283142389525255
    event_name
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    event_slug
    de-tankrabatt-2022
    event_type
    TAX_CHANGE
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    offset_days
    7
    series_code
    BRENT
    statement_topic
    event
    variation_label
    day-to-day
    observation_date
    2022-06-08
    same_observation
    false
    volatility_units
    1.2799598046880034
    series_source_ids
    ["eia_brent_rbrte"]
    change_abs_from_t0
    6.999999999999986
    change_pct_from_t0
    5.7283142389525255
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    0
    normal_volatility_pct
    4.4753860378832995
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    1.2799598046880034

    Template event.benchmark_move.within_normal v1.1 · Fingerprint f87dd225bc59dba803e038025a29e47ed148997fb21d856c0cd78839753ee67a · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  29. In the 30 days after Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022, the Brent crude benchmark moved -2.4%, which is 0.5 times its normal day-to-day variation over the previous three years — within that range.

    about the event as a wholeCalculatedOfficial
    Why this sentence
    Variables
    t0
    2022-06-01T00:00:00+00:00
    unit
    $/BBL
    event
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    value
    119.21
    status
    OBSERVED
    z_score
    0.8887326572425913
    t0_value
    122.2
    benchmark
    Brent crude
    change_pct
    -2.4468085106383053
    event_name
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    event_slug
    de-tankrabatt-2022
    event_type
    TAX_CHANGE
    offset_days
    30
    series_code
    BRENT
    variation_label
    day-to-day
    observation_date
    2022-07-01
    same_observation
    false
    volatility_units
    -0.5467256880024499
    series_source_ids
    ["eia_brent_rbrte"]
    change_abs_from_t0
    -2.990000000000009
    change_pct_from_t0
    -2.4468085106383053
    observation_gap_days
    0
    normal_volatility_pct
    4.4753860378832995
    change_in_volatility_units
    -0.5467256880024499
    Thresholds
    source
    v1 choice of this module; docs/PRICE_MODEL.md §2.2 requires the comparison but publishes no cut-off
    volatility_definition
    sample sd of period-over-period % changes over the 3 years before T0, at the series' own frequency (day-to-day)
    unusual_move_volatility_units
    2
    Inputs
    t0
    2022-06-01T00:00:00+00:00
    unit
    $/BBL
    event
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    value
    119.21
    status
    OBSERVED
    z_score
    0.8887326572425913
    t0_value
    122.2
    benchmark
    Brent crude
    change_pct
    -2.4468085106383053
    event_name
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    event_slug
    de-tankrabatt-2022
    event_type
    TAX_CHANGE
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    offset_days
    30
    series_code
    BRENT
    statement_topic
    event
    variation_label
    day-to-day
    observation_date
    2022-07-01
    same_observation
    false
    volatility_units
    -0.5467256880024499
    series_source_ids
    ["eia_brent_rbrte"]
    change_abs_from_t0
    -2.990000000000009
    change_pct_from_t0
    -2.4468085106383053
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    0
    normal_volatility_pct
    4.4753860378832995
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    -0.5467256880024499

    Template event.benchmark_move.within_normal v1.1 · Fingerprint fad3fa12c4cda01a6223521c8666f80ff0cc67ef8185a2d6e383ba814fecdcc1 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  30. In the 90 days after Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022, the Brent crude benchmark moved -18.7%, which is 4.2 times its normal day-to-day variation over the previous three years — outside that range.

    about the event as a wholeCalculatedOfficial
    Why this sentence
    Variables
    t0
    2022-06-01T00:00:00+00:00
    unit
    $/BBL
    event
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    value
    99.34
    status
    OBSERVED
    z_score
    -1.355832693810513
    t0_value
    122.2
    benchmark
    Brent crude
    change_pct
    -18.707037643207855
    event_name
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    event_slug
    de-tankrabatt-2022
    event_type
    TAX_CHANGE
    offset_days
    90
    series_code
    BRENT
    variation_label
    day-to-day
    observation_date
    2022-08-30
    same_observation
    false
    volatility_units
    -4.179983019309688
    series_source_ids
    ["eia_brent_rbrte"]
    change_abs_from_t0
    -22.86
    change_pct_from_t0
    -18.707037643207855
    observation_gap_days
    0
    normal_volatility_pct
    4.4753860378832995
    change_in_volatility_units
    -4.179983019309688
    Thresholds
    source
    v1 choice of this module; docs/PRICE_MODEL.md §2.2 requires the comparison but publishes no cut-off
    volatility_definition
    sample sd of period-over-period % changes over the 3 years before T0, at the series' own frequency (day-to-day)
    unusual_move_volatility_units
    2
    Inputs
    t0
    2022-06-01T00:00:00+00:00
    unit
    $/BBL
    event
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    value
    99.34
    status
    OBSERVED
    z_score
    -1.355832693810513
    t0_value
    122.2
    benchmark
    Brent crude
    change_pct
    -18.707037643207855
    event_name
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    event_slug
    de-tankrabatt-2022
    event_type
    TAX_CHANGE
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    offset_days
    90
    series_code
    BRENT
    statement_topic
    event
    variation_label
    day-to-day
    observation_date
    2022-08-30
    same_observation
    false
    volatility_units
    -4.179983019309688
    series_source_ids
    ["eia_brent_rbrte"]
    change_abs_from_t0
    -22.86
    change_pct_from_t0
    -18.707037643207855
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    observation_gap_days
    0
    normal_volatility_pct
    4.4753860378832995
    study_calculation_version
    event_study-1.0
    change_in_volatility_units
    -4.179983019309688

    Template event.benchmark_move.outside_normal v1.1 · Fingerprint 3c93fc5aedb651c26598bd6d9310189a42a1c8df629f57a43bf0be16cf35bb23 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  31. Freight rates reaction cannot be assessed: tanker freight rates are licensed such that public display, onward passing and derived data are all expressly prohibited, verified verbatim, and no open institution publishes a tanker rate.

    about the event as a wholeUnknownUnknown
    Why this sentence
    Variables
    t0
    2022-06-01T00:00:00+00:00
    channels
    ["freight rates"]
    event_name
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    event_slug
    de-tankrabatt-2022
    event_type
    TAX_CHANGE
    reason_code
    NO_LICENSED_FREIGHT_SOURCE
    Thresholds
    source
    CLAUDE.md §1; docs/PRICE_MODEL.md §2.1 (a series with no licensed source is visible as a gap)
    any_missing_channel_is_disclosed
    true
    Inputs
    t0
    2022-06-01T00:00:00+00:00
    channels
    ["freight rates"]
    event_name
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    event_slug
    de-tankrabatt-2022
    event_type
    TAX_CHANGE
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    reason_code
    NO_LICENSED_FREIGHT_SOURCE
    statement_topic
    event
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    study_calculation_version
    event_study-1.0

    Template event.channel.unavailable v1.1 · Fingerprint 5682d55cccd2b29a396302436312a88aeeb0ee29362398f48b45370bc339e780 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  32. Refined-product benchmark reaction cannot be assessed: EU refined-product benchmarks (Platts / Argus) are proprietary with no redistribution grant. US crack spreads are not a valid EU proxy and are not substituted.

    about the event as a wholeUnknownUnknown
    Why this sentence
    Variables
    t0
    2022-06-01T00:00:00+00:00
    channels
    ["refined-product benchmark"]
    event_name
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    event_slug
    de-tankrabatt-2022
    event_type
    TAX_CHANGE
    reason_code
    NO_LICENSED_PRODUCT_BENCHMARK
    Thresholds
    source
    CLAUDE.md §1; docs/PRICE_MODEL.md §2.1 (a series with no licensed source is visible as a gap)
    any_missing_channel_is_disclosed
    true
    Inputs
    t0
    2022-06-01T00:00:00+00:00
    channels
    ["refined-product benchmark"]
    event_name
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    event_slug
    de-tankrabatt-2022
    event_type
    TAX_CHANGE
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    reason_code
    NO_LICENSED_PRODUCT_BENCHMARK
    statement_topic
    event
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    study_calculation_version
    event_study-1.0

    Template event.channel.unavailable v1.1 · Fingerprint 9f428e998d4f8e3f0b62ce0e589b72e73c5860218140f2727aa93741661c7d36 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  33. Wholesale prices reaction cannot be assessed: wholesale / rack price series are proprietary with no redistribution grant.

    about the event as a wholeUnknownUnknown
    Why this sentence
    Variables
    t0
    2022-06-01T00:00:00+00:00
    channels
    ["wholesale prices"]
    event_name
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    event_slug
    de-tankrabatt-2022
    event_type
    TAX_CHANGE
    reason_code
    NO_LICENSED_WHOLESALE_SERIES
    Thresholds
    source
    CLAUDE.md §1; docs/PRICE_MODEL.md §2.1 (a series with no licensed source is visible as a gap)
    any_missing_channel_is_disclosed
    true
    Inputs
    t0
    2022-06-01T00:00:00+00:00
    channels
    ["wholesale prices"]
    event_name
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    event_slug
    de-tankrabatt-2022
    event_type
    TAX_CHANGE
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    reason_code
    NO_LICENSED_WHOLESALE_SERIES
    statement_topic
    event
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    study_calculation_version
    event_study-1.0

    Template event.channel.unavailable v1.1 · Fingerprint 56fb16ffc2601451cfda44b453655b8c4394e0f659ccd04a0f7a8a13e347bf80 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

  34. Refining margin reaction cannot be assessed: no published refining-margin series is held, and computing a margin ourselves would need the licensed EU product benchmarks, which may not be republished.

    about the event as a wholeUnknownUnknown
    Why this sentence
    Variables
    t0
    2022-06-01T00:00:00+00:00
    channels
    ["refining margin"]
    event_name
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    event_slug
    de-tankrabatt-2022
    event_type
    TAX_CHANGE
    reason_code
    NO_REFINERY_MARGIN_SERIES
    Thresholds
    source
    CLAUDE.md §1; docs/PRICE_MODEL.md §2.1 (a series with no licensed source is visible as a gap)
    any_missing_channel_is_disclosed
    true
    Inputs
    t0
    2022-06-01T00:00:00+00:00
    channels
    ["refining margin"]
    event_name
    Germany: temporary energy-tax reduction on road fuels (Tankrabatt), 2022
    event_slug
    de-tankrabatt-2022
    event_type
    TAX_CHANGE
    source_ids
    ["ec_weekly_oil_bulletin","ecb_exr_reference_rates","eia_brent_rbrte","eia_us_product_spot","eurostat_nrg_stk_oem","eurostat_nrg_stk_oilm","eurostat_nrg_ti_oilm","reference_hormuz_v1"]
    reason_code
    NO_REFINERY_MARGIN_SERIES
    statement_topic
    event
    calculation_version
    event_statements-1.0
    methodology_version
    1.0
    study_calculation_version
    event_study-1.0

    Template event.channel.unavailable v1.1 · Fingerprint 98f34b162486945bf201f66ee3c233374109d50156f5d4ec98817b088ac4af77 · calculation event_statements-1.0 · computed 2026-09-25 14:09 UTC

What this does not show

  • It does not show that the event caused anything. No causal design is published for this site, and a series that moved in this window may have moved for other reasons.
  • A change in volatility units is not a significance test, and neither is a z-score. They measure different things and are not interchangeable.
  • Channels with no licensed or loaded source are shown as empty panels, not as flat lines. “We cannot see this” is not “this did not move”.
  • Nothing is interpolated. Where several offsets resolve to one published figure, that is what the publisher printed, and the change against the event date is zero because it is the same number.

Belgium: supply, refineries and pump prices →

How to read the labels

  • OfficialReported directly by an official authority.
  • VerifiedReported by a third party we have verified against a primary record.
  • CalculatedComputed by us from reported inputs. The method is published on the methodology page.
  • Inferred · highNot reported. Inferred from at least two independent physical records.
  • Inferred · mediumNot reported. Inferred from strong indirect evidence, with no explicit confirmation.
  • Inferred · lowNot reported. Plausible from infrastructure or movement data only. Do not read as fact.
  • UnknownNo defensible public evidence establishes this. We are not guessing, and this is not a measurement of zero.