Two major European countries are reacting to the sharp rise in fuel prices caused by the conflict in the Middle East, especially the war involving Iran. In Germany, lawmakers have approved initial measures to curb rapid price increases. Under the bill, gas stations will only be able to raise prices once a day, at noon (12:00). Any price reductions remain permitted at any time. The German government says it will review the measures after six months.
The bill, which is still awaiting approval in the Upper House, also aims to strengthen the competition authority to combat excessive pricing. However, experts and the fuel industry are skeptical that these measures will actually bring lower prices to consumers.
In Poland, Prime Minister Donald Tusk announced more direct measures to protect drivers. The Polish government plans to reduce VAT on fuel from 23% to 8% and reduce excise duty to the minimum level.
Also being prepared is the introduction of a maximum retail price that will be determined daily, as well as a draft law on a windfall tax for energy companies that benefit from high prices.
Tusk stressed that the government will not impose restrictions on fuel sales, as reserves remain sufficient. The cabinet is expected to hold an extraordinary meeting to finalize the decisions.
Since February 25, the price of diesel in Poland has increased by around 45%, reaching 8.69 zloty (around £1.76) per litre, while regular petrol has increased by 25% in the same period.
These measures come in response to the rise in global oil prices following the escalation of the conflict in the Middle East. In Germany, gasoline and diesel prices have frequently exceeded the level of 2 euros per liter.
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