Germany cuts fuel tax to ease prices
Germany will reduce taxes on gasoline and diesel by 17 cents per litre starting October 1 to help consumers cope with rising fuel costs driven by the Iran conflict. The temporary measure aims to relieve motorists facing record prices ahead of upcoming regional elections.
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Germany will cut energy taxes on gasoline and diesel by €0.17 a litre, providing €2.5 billion in relief for motorists starting October 1. The measure follows soaring fuel costs driven by the conflict in Iran. Chancellor Friedrich Merz faces plunging approval ratings ahead of key regional elections on Sunday.
