Agreement on package: Relief on fuel prices - what's next?
Fuel discount and price cap: How quickly will motorists and companies get relief? And who benefits the most?
The German government and states have agreed on measures to reduce high fuel prices. A tax cut, known as "Tankrabatt", will lower energy tax on fuel by 14 cents per liter, resulting in a total tax reduction of nearly 17 cents per liter, and a fuel price cap will be introduced, with a maximum price to be calculated regularly by an authority.
The tax cut is set to take effect from October 1st to December 31st, while the price cap will be introduced by January 1st, 2023. The measures are expected to cost around 2.5 billion euros, with the states covering half of the costs.
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.
