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Energy prices in Austria have more than doubled — RT Business News

Households stock up on wood amid worsening crisis, national energy agency data shows

Natural gas prices in Austria jumped 119% in October from a year ago and were up another 5.6% from September, according to a report released Friday by the Austrian Energy Agency ( AEA).

The energy price index (IPE) calculated by the agency showed that year-on-year household energy prices jumped 50.2% in October.

The AEA also said energy prices remained at a record high in October and were the main drivers of inflation, with fuel oil jumping 94.5%, diesel 48.6%, district heating by 61.5% and electricity prices by 24.8%.

As many Austrian households seek alternative sources of heating amid the energy crisis, wood pellets saw a steep price increase of 163% in October compared to last year. Firewood increased by 81.7%.

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The agency pointed out that diesel is now more expensive than premium gasoline. According to AEA calculations, filling a typical 50-litre tank with premium gasoline costs €85 (nearly $90) in October, up €20 from the same month last year. Meanwhile, the price for the same amount of diesel averaged €100 in October, according to the report.

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