Fuel prices: Merz announces steps against the fuel price shock - What could really help?
Politicians are discussing measures to counter the rising fuel prices. According to economists, many of these measures are not effective. For some, the government has still not created the necessary conditions.
The escalation of tensions in the Gulf has led to a new price shock at fuel stations in Germany, putting pressure on the federal government ahead of elections in Mecklenburg-Vorpommern and Berlin. Chancellor Friedrich Merz stated that the government must take action, with a proposal expected soon. Fuel prices have reached a record high, with E10 petrol and diesel prices rising to 2.412 euros per liter.
The government is considering various options, including a price cap, a windfall tax on oil companies, and direct payments to citizens, but a decision has not been made. Economists have warned that some measures, such as market interventions, may have limited effectiveness.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
