Energy: Secret draft law: This is what the government's fuel price cap is supposed to look like
Minister Reiche introduces the price cap for gasoline and diesel; the law is exclusively available to Handelsblatt. However, there are concerns about the supply - thus many exceptions.
German Economics Minister Katherina Reiche has outlined plans for a fuel price cap. The federal government and states agreed to introduce a nationwide cap to limit high petrol and diesel prices following the Iran war. A draft law from the Federal Ministry of Economics would create a legal basis for the cap, but would not automatically introduce it.
The cap could be introduced if petrol and diesel prices exceed average EU price rises by over 5 percentage points for three consecutive weeks, with separate caps for petrol and diesel. The law is set to come into force on January 1, 2027.
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.
