EU’s ETS would still make petrol cheaper
Even with an ETS price of €55 per tonne, petrol prices would remain below the average of the last 20 years when adjusted for inflation. Alongside this, significant improvements in vehicle fuel efficiency over recent decades mean that the amount of petrol needed to drive 100 km has decreased in the past decades. But in the short-term, as the ETS2 price will make petrol, diesel and gas more expensive, there is concern that it could disproportionately hit poorer households.