Oil prices: Austria introduces new fuel price cap – relief of more than 12 cents
The prices for petrol and diesel have risen sharply. Austria has decided to reintroduce the fuel price brake in order to relieve motorists. They are supposed to save twelve cents per liter.
The Austrian government has decided to reintroduce a fuel price cap for October and November to alleviate the burden on drivers due to rising fuel prices. The measure is expected to reduce the price of petrol and diesel by over 12 cents per liter. The government will lower the mineral oil tax and reduce the profit margins of oil companies to achieve this.
The relief is expected to save commuters and families around €5 per tank. A similar fuel discount has also been agreed upon in Germany, effective from October to December.
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.
Also reported by 2 other outlets
- Commentary: Fuel discount – why 17 cents relief won't save anyone handelsblatt.com
- 12 cents cheaper: Government reactivates fuel price brake derstandard.at
