
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
6 Novice Cameras for 2024: Ideal for New Picture takers - 2
‘Wicked: For Good’ streaming release — How to watch the sequel starring Ariana Grande and Cynthia Erivo - 3
Forum Dvorah demands clear support for women in combat as IDF gender debate escalates - 4
Saturn shines with the waxing moon at sunset on Nov. 29 - 5
Where America’s CO2 emissions come from – what you need to know, in charts
AbbVie plans to build out its presence in obesity market
Virtual National Science Foundation internships aren’t just a pandemic stopgap – they can open up opportunities for more STEM students
Humpback whale stranded on Germany's Baltic coast frees itself
Toddler given just 3 years to live after strange symptoms makes full recovery
How will the universe end?
I watched the buzzy new AI documentary — and left feeling both hopeful and terrified
Sanofi to acquire hepatitis B vaccine maker Dynavax for $2.2 billion
Find the Future of Outsourcing: Exploring the Gig Economy
Outside Lovers' Decision: Favored Climbing Rucksacks













