German Fuel Price Cuts Kick in to Ease Mideast Energy Shock
ADAC said petrol fell about 14 cents a litre and diesel 15 cents as officials try to ease high pump prices.
- German fuel prices dropped on Thursday as government subsidies took effect, with petrol falling 14 cents to €2.06 per litre and diesel declining 15 cents to €2.20, according to the automobile association ADAC.
- As the war against Iran continues disrupting Middle East fuel supplies, prices across Europe surged, prompting Berlin to implement the 17-cent subsidy to ease financial pressure on motorists.
- The Auto Club Europa warned that part of the subsidy must not "get stuck with the oil industry," citing a previous program where energy companies retained €200 million of €1.6 billion government funds.
- Clemens Fuest, head of the Ifo Institute, told the Augsburger Allgemeine that the discount leads to "redistribution in favour of frequent drivers with large cars" rather than helping lower-income groups.
- Andrea Hoecker, a 33-year-old public relations worker in Frankfurt, called the discount "a drop in the ocean," while teacher Lorena Konle said prices remain "unsatisfactory" despite the subsidy.
30 Articles
30 Articles
German fuel price cuts kick in to ease Mideast energy shock
Prices of petrol dropped by around 14 cents on average, to 2.06 euros a litre (equivalent to $8.85 per US gallon), and diesel prices by 15 cents, to 2.20 euros a litre, according to the automobile association ADAC. As in many other countries, Europe's biggest economy has seen prices at the pump surge as the US war against Iran drags on, causing major disruptions to fuel supplies from the Middle East. Nevertheless some motorists felt the discoun…
Since midnight, the new tax reduction applies to petrol and diesel. The fuel discount shows first effect. However, whether it remains with it is open.
Already in the night it goes down clearly. By the morning the tax discount probably arrives largely with the consumers. They take advantage of the opportunity and refuel.
Kreiszeitung
Since 1 October, the new tank discount has been valid – and something is happening at the pump. But do drivers really benefit completely?
Westfalenpost
wr.deThe fuel discount is noticeable at Meschedes pumps. What customers need to know about the fuel prices on Thursday (1 October) in the Sauerland.
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