
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
NASA’s Pandora telescope will study stars in detail to learn about the exoplanets orbiting them - 2
Unusual 'ingredients' helped stars form in a galaxy near the Milky Way - 3
Which sandwich do you find totally delectable? ! - 4
Coca-Cola Co. and bottlers to invest in South Africa operations - 5
Unwind: Four Extraordinary Spa Resorts On the planet
The most effective method to Recuperate After a Dental Embed Strategy: A Far reaching Guide
German Court Rejects Bid To Force BMW and Mercedes-Benz To Stop Selling New Combustion-Engine Cars After 2030
Former biotech CEO sued over COVID vaccine alleged insider trading
SpaceX launches Italian Earth-observing satellite to orbit on the 1st mission of 2026 (video)
Barry Manilow to have surgery for early-stage lung cancer and postpones January concerts
As juries turn against social media for harming kids, Big Tech's invincibility starts to show cracks
Watch SpaceX launch powerful ocean-mapping satellite for Europe and NASA early Nov. 17
I went to Japan during peak cherry blossom season and found an easy way to escape the crowds at popular tourist attractions
Child influencers helped power a booming industry. It's time for a reckoning.













