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Germany to Cut Fuel Tax to Help Ease Burden of Energy Prices

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© Bloomberg. A customer refuels at an HEM gas station, operated by Deutsche Tamoil GmbH, in Berlin, Germany, on Tuesday, March 15, 2022. Germany’s Finance Minister Christian Lindner and the FDP want to compel gas-station operators to cap pump prices and the government would then compensate them directly for the lost revenue, according to an FDP official who asked not to be identified discussing confidential information. Photographer: Krisztian Bocsi/Bloomberg
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(Bloomberg) — Germany’s ruling coalition agreed on a second package of measures to ease the burden on businesses and households from rising energy prices including a temporary reduction in the price of fuel.

The government will cut the tax on fuel for three months by 30 euro cents ($0.33) for gasoline and 14 cents for diesel, Finance Minister Christian Lindner told reporters in Berlin. Taxpayers will also receive a one-off payment of 300 euros, he added.

©2022 Bloomberg L.P.

Germany to Cut Fuel Tax to Help Ease Burden of Energy Prices

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