Germany Approves New Fuel Tax Discount
Germany has approved a temporary gasoline tax discount costing 2.5 billion euros to help citizens cope with rising fuel prices. Taxes on gasoline and diesel will drop by 17 cents per litre from October through December.
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Germany's lower house of parliament approved a €2.5 billion ($2.85 billion) fuel tax discount on Friday morning. The package marks the second temporary gasoline tax cut implemented this year by federal and state authorities. Officials aim to curb consumer discontent driven by energy spikes resulting from the conflict involving Iran.
