Germany Cuts Fuel Tax To Curb Rising Prices
Germany's Federal and state governments have agreed to reduce taxes on petrol and diesel in a bid to ease the impact of rising fuel prices.
Relief Package Details:
- The energy tax on petrol and diesel will be cut by 14 cents per litre from 1st October until the end of 2026.
- This results in a reduction of around 17 cents per litre at filling stations, including the decrease in value-added tax.
- The measure is projected to provide approximately €2.5 billion in relief to consumers and businesses.
€1.25 billion of this cost will be covered by Germany's federal states through a fixed share of VAT revenue.