German coalition announces €1.6 billion fuel price relief package
The Facts
- Germany's governing coalition announced fuel price relief worth €1.6 billion ($1.9 billion) for consumers and businesses.
- The relief package includes a reduction of about €0.17 per litre in the energy tax on diesel and petrol.
- The fuel tax reduction is set to last for two months.
- The measures were announced by Germany's coalition partners, the conservative CDU and the centre-left SPD.
- The package was announced after oil prices rose in connection with the Iran war and broader disruption to energy supplies.
- The coalition also agreed to allow companies to give employees a tax-free relief bonus of up to €1,000.
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Context
What exactly is Germany changing on fuel prices?
The coalition said it will temporarily lower the energy tax on diesel and petrol by about €0.17 per litre for two months Reuters,POLITICO.
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Wire services (2)
ReutersGlobal Banking & Finance ReviewGerman Coalition Announces $1.9 Billion Relief for Fuel Pric...
Independent coverage (7)
ETAuto.comGermany announces €1.9 billion fuel price relief amid Iran w...
POLITICOMerz's coalition agrees on joint measures to tackle Iran war...
News.azGermany unveils $1.9B fuel price relief plan | News.az
DevdiscourseGermany's Coalition Agrees on Fuel Price Relief Amid Oil Pri...
anewsGerman coalition announces fuel price relief worth $1.9 bln
DevdiscourseGermany Introduces €1.6 Billion Fuel Price Relief Amid Oil P...
MEOGermany plans $1.9 billion of fuel price relief
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