Urgent.News

What's breaking now, across thousands of outlets.

Finance & Markets

Refueling: Reduce taxes or cap prices? Federal government gets stuck on fuel price relief

The coalition wants to pass a relief package before the weekend's elections. Three different proposals are on the table. Trouble is looming from Brussels.

Translated from German Read in German

Refueling: Reduce taxes or cap prices? Federal government gets stuck on fuel price relief

The German government has announced plans to intervene in fuel prices, a reversal of their previous stance. Chancellor Friedrich Merz made the announcement at an event in Berlin, amid rising fuel costs and pressure from conflicts in the Middle East. Fuel prices in Germany have reached record highs, just before important elections in Mecklenburg-Vorpommern and Berlin.

The government is considering different proposals, including a reduction in value-added tax on fuel, proposed by CDU's Thorsten Frei and Katherina Reiche, and a price cap and windfall tax on oil companies, favoured by the SPD.

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.

Read the original at handelsblatt.com →

More in Finance & Markets

More from Thursday 17 September →