Fuel prices: Bundestag decides on another fuel discount
In order to lower the sharply increased prices at the pumps, another tax cut is planned. The second to last hurdle for this has now been cleared.
The German Bundestag has approved a temporary fuel tax cut to alleviate high petrol prices. The tax cut will reduce the energy tax on diesel and petrol by 14 cents per liter from October to December, resulting in a total relief of 17 cents per liter including value-added tax. The bill must still be approved by the Bundesrat on Friday to come into effect on October 1.
The tax cut is expected to result in losses of 2.5 billion euros for the state, which will be shared equally by the federal government and states. The opposition has criticized the measure, with Greens leader Katharina Dröge calling it a "weak solution".
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.
