Germany cuts energy tax to offer motorists relief from soaring fuel prices
The measure will cost about 2.5 billion euros and follows record fuel prices that have intensified pressure on Chancellor Friedrich Merz.
- On Tuesday, Chancellor Friedrich Merz promised "very soon" relief measures as record fuel prices strain German drivers, though the government has yet to finalize a unified strategy amid coalition debates.
- Record-Breaking costs—E10 petrol at €2.286 and diesel at €2.404 per litre—stem from Middle East conflict and Strait of Hormuz disruptions restricting Gulf crude exports.
- Finance Minister Lars Klingbeil advocates an "excess profits tax" on energy firms, while CDU politician Sebastian Steineke urges lowering taxes to "the European minimum" as competing proposals divide the coalition.
- Ahead of Sunday's elections in Berlin and Mecklenburg-Western Pomerania, Merz faces pressure as voters punish his Christian Democrats over rising costs and economic strain.
- Previous May-June tax reductions failed to curb long-term inflation, prompting officials to weigh price caps modeled on Luxembourg against concerns over market transparency and potential abuse.
221 Articles
221 Articles
In the midst of defeats to the left and also to the extreme right in regional elections by the country, the government of Germany, under the leadership of the Christian Democratic Union (CDU) of Chancellor Friedrich Merz, plans to approve discount for the price of gasoline with implementation from October 1st, according to the Ministry of Finance. Bill on the issue was completed on the weekend and must be approved by both houses of Parliament th…
agrarheute.com
wochenblatt-dlv.deAs early as 1 October, diesel prices for farmers could fall, and the government is planning these measures.
The German government will temporarily reduce the tax on gasoline and diesel. From October 1, fuel prices at stations are expected to fall by around 17 euro cents per litre. The relief, which will cost the budget 2.5 billion euros, is a response to a sharp rise in oil prices and deteriorating social sentiment.
In view of the high fuel prices, the Federal Government and the Länder have agreed on a new fuel discount. As the Federal Government announced in the evening, the fuel discount should amount to 17 cents per litre from October to the end of the year. The federal government and the Länder therefore share the costs for the relief of a total of 2.5 billion euros.
While Germany is going to lower petrol prices, the Netherlands is choosing not to. As a result, even more compatriots will seek their fortune across the border, concerned Dutch petrol station owners expect. "Our own government is once again not taking action."
WDR Newsroom [Newsroom]Köln (ots) - In the WDR, Frank Huster, Chief Executive Officer of the Bundesverband Spedition und Logistik, described the decision of the federal and state governments to reintroduce a tank discount and a new fuel price cover as a compromise. ... Continue reading here...Original content of: WDR Newsroom, news transmitted by currently
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