
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
When faith comes under fire: How Iran’s repression of religious minorities has increased - 2
The most effective method to Pick the Right Teeth Substitution Choice for You - 3
Israel halts defense sales to France, citing 'hostile attitude,' sources tell 'Post' - 4
Ukraine apologizes to Finland for crashed drones - 5
Congress is running out of time to extend ACA subsidies as the GOP moves on to an alternative plan. Here's where things stand.
Asia's Noteworthy Destinations: A Voyager's Aide
Jamie Dimon warns Iran war could drive inflation, interest rates higher
Watch Chinese astronauts enjoy '1st ever space BBQ' from Tiangong's brand-new oven (video)
Israel strikes south Lebanon after first direct talks in decades
Scientists have found an alarming environmental impact of vast data centers
Bayer reports positive results for blood thinner after 2023 setback
Investigating the World's Chief Authentic Urban communities to Visit
The most effective method to Amplify Your Opportunity for growth in a Web-based Degree Program
Step by step instructions to Contrast Lab Jewels and Regular Ones












