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Germany and Austria implement fuel tax cuts to lower prices
Germany and Austria are implementing measures to combat high fuel prices. The German government plans a temporary reduction in energy taxes on gasoline and diesel from October 1 to December 31, a relief package estimated to cost 2.5 billion euros. This measure is expected to lower prices by up to 17 cents per liter. Additionally, the German government intends to introduce a fuel price cap by January 1, 2027, modeled after systems in Belgium and Luxembourg.
In Austria, the government plans to reduce fuel prices by 12 cents per liter during October and November. This will be achieved through a 6.7 cent reduction in the mineral oil tax and a 3.5 cent reduction in the profit margins of oil companies.
In Germany, the ADAC has called for the abolition of the '12-hour rule,' which mandates that gas stations can only increase prices once per day at noon. The ADAC argues the rule has not lowered prices but has instead increased the price gap between different times of the day. The Federal Cartel Office has urged oil companies to pass the planned tax relief directly to consumers.
Entities
ADAC · Andreas Mundt · Armand Zorn · Austria · Brandenburg · Bundeskartellamt · CDU · Claus Ruhe Madsen · Federal Cartel Office · Forsa · German Federal Government · German government
Claims
What the coverage asserts, and how many sources carry each claim.
- [○ 1 SOURCE] Brandenburg expects to cover costs for the fuel discount ranging between 38 million and 50 million euros. www.rbb24.de
- [● 2 SOURCES] The Monopolkommission warns that a fuel price cap could inadvertently lead to higher prices by becoming a market benchmark. www.finanznachrichten.de · www.nachrichten-heute.net
- [● 11 SOURCES] The government plans to reduce energy tax on gasoline and diesel from October 1 to December 31. www.allgaeuer-zeitung.de · www.nachrichten-heute.net · www.ad-hoc-news.de · wochentlich.de · www.1730live.de · +1 more
- [● 4 SOURCES] The Federal Cartel Office is urging oil companies to pass the tax relief on to consumers. www.nachrichten-heute.net · www.berliner-sonntagsblatt.de · www.oldenburger-onlinezeitung.de
- [● 15 SOURCES] The ADAC is calling for the abolition of the 12-hour rule, which limits daily price increases at gas stations. www.allgaeuer-zeitung.de · www.kurierverlag.de · www.harzkurier.de · www.ikz-online.de · www.nrz.de · +6 more
- [● 8 SOURCES] The reduction in energy tax and the resulting VAT effect could lower fuel prices by up to 17 cents per liter. www.thueringer-allgemeine.de · www.ad-hoc-news.de · www.1730live.de · wochentlich.de · www.eu-schwerbehinderung.eu
- [● 9 SOURCES] The fuel relief package will cost a total of 2.5 billion euros, shared between the federal government and the states. www.thueringer-allgemeine.de · www.wp.de · www.wr.de · www.braunschweiger-zeitung.de · wochentlich.de · +2 more
- [● 7 SOURCES] The government plans to introduce a fuel price cap by January 1, 2027, modeled after Belgium or Luxembourg. www.thueringer-allgemeine.de · www.wp.de · www.wr.de · www.braunschweiger-zeitung.de · www.energycomment.de · +1 more
- [○ 1 SOURCE] The government has agreed on a new fuel price brake involving a 6.7 cent reduction in mineral oil tax and a 3.5 cent margin cap.
- [○ 1 SOURCE] The Austrian government plans to reduce the mineral oil tax by 6.7 cents and the profit margin of oil companies by 3.5 cents per liter.
- [○ 1 SOURCE] The Austrian government plans to reduce fuel prices by 12 cents per liter in October and November through tax cuts.