Germany approves fuel tax discount
The measure will save drivers up to 16.7 euro cents per liter and cost Germany about €2.5 billion in lost tax revenue.
- On Friday, Germany's Bundestag approved a second temporary fuel tax cut this year, reducing gasoline and diesel taxes by $0.20 per litre from October through December to shield households and businesses from soaring energy prices.
- Rising energy costs, exacerbated by the war in Iran, prompted the government to introduce this relief measure, aiming to limit the impact on household budgets and business operating costs amid elevated fuel prices.
- The program requires federal and state governments to spend approximately $2.85 billion, while drivers can expect to save up to about $0.72 per US gallon starting October 1.
- German authorities reported that inflation eased during the two months of the earlier fuel tax discount, suggesting the new policy could help stabilize broader price pressures through the end of the year.
- Broader risks persist, such as historically low Rhine River water levels; the Kiel Institute calculated every 30 days of low water causes industrial production to decline by about 1%.
82 Articles
82 Articles
derwesten.de
From October onwards, taxes on fuels will fall again to relieve drivers of the extreme price jumps. Here's all information:
Frankfurter Rundschau: Frankfurt (ots) - A tank discount by cavalier start. Bundestag and Bundesrat decided on the new fuel price discount in the urgent procedure, only one week after the Merz coalition had agreed on it. The agreement shortly before the elections in Frankfurt ...
German Lawmakers Approve New Fuel-Tax Relief Worth €2.5 Billion
German lawmakers backed a temporary fuel-tax cut worth €2.5 billion ($2.8 billion) starting next week as Chancellor Friedrich Merz’s coalition seeks to ease the burden of surging prices on consumers.
volksfreund.de
saarbruecker-zeitung.deThe path for a new fuel discount due to the high fuel prices is clear. The Federal Council approved a law adopted by the Bundestag, which provides for a discharge of around 17 cents per litre of petrol and diesel from October to the end of December.
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