Reed NewsReed News

Germany limits fuel price hikes to once daily

Economy & businessEconomy
Germany limits fuel price hikes to once daily
Key Points
  • Gas stations in Germany can now only increase fuel prices once per day.
  • Energy Minister Katherina Reiche aims to boost transparency and competition to lower prices.
  • The government is considering other measures like raising travel allowances to offset high fuel costs.

Starting today, gas stations in Germany can only raise fuel prices once per day. Energy Minister Katherina Reiche hopes the measure will increase transparency and competition to keep prices down. The government is also discussing other actions to compensate for rising fuel prices, including raising the travel allowance.

In Germany, everyone who travels to a workplace gets a tax deduction, regardless of whether they walk, use public transport, or drive.

Transparency

How we verified this article

UnconfirmedBased on 1 sources
1 sources1 Involved