
Hours after Germany's upper house of parliament, the Bundesrat, approved a package of measures to curb high fuel prices, President Frank-Walter Steinmeier signed plan into law on Friday.
The bill officially takes effect once it is published in the Federal Law Gazette. The package of measures had only been passed by the Bundestag, or lower house of parliament, on Thursday.
Ahead of the busy Easter travel period, the new law allows petrol stations to raise prices only once per day, at noon (1100 GMT).
Previously, fuel prices were changing sometimes hourly, due to the US-Israeli war in Iran. Price cuts, however, will still be possible at any time.
In addition, Germany's competition authority is to receive more powers to act against excessive prices. In future, companies will have to explain that price increases are objectively justified.
This is intended to make it significantly easier for regulators to take action against excessive fuel pricing.
Whopping 80% say law is inadequate
Although by German standards the law passed very quickly, residents are not impressed.
A clear majority of people in Germany believe the government's measures against rising fuel prices are inadequate, with 80% of respondents surveyed saying not enough is being done, the ZDF's Politbarometer poll released on Friday showed.
Some 14% consider the measures appropriate while 3% say they go too far.
Many people are calling for a temporary cut in taxes and levies on petrol and diesel, the survey found. Some 73% support such a step while 25% oppose it. That's backed by a majority across most party supporters, with only Green party supporters showing a split picture.
latest_posts
- 1
Honda’s Biggest Flex Isn’t Its Superbikes, It’s Selling 500K Bikes In One Month - 2
The Significance of a Land Lawyer for Your Business - 3
How a niche Catholic approach to infertility treatment became a new talking point for MAHA conservatives - 4
Gov’t approves millions for border cities in North under Hezbollah fire - 5
Iranian-backed militias escalate in Iraq, targeting Kurdistan Region president Nechirvan Barzani
'Stranger Things' star debunks claims of 'unseen footage' from Season 5, Volume 2 as backlash intensifies ahead of the series finale
Woman charged in unprovoked stabbing of tourist changing baby's diaper in Macy’s Herald Square store
Novo Nordisk gears up for December Ozempic launch in India, sources say
China and Pakistan issue five-point peace plan for Middle East
Brazil's former President Jair Bolsonaro seeks house arrest for prison time citing health issues
NASA counts down for first crewed lunar mission in half a century
Vote In favor of Your Favored Cereal
ICAS calls for clearer safeguards in FRC’s TCA policy
Recent studies prove the ancient practice of nasal irrigation is effective at fighting the common cold












