Germany Cuts Fuel Tax As Iran War Drives Petrol, Diesel Prices To Record Highs

Germany has recorded its most expensive month ever for petrol and diesel as the Iran conflict disrupts Gulf oil supplies and pushes energy costs higher. Berlin is responding with a temporary fuel tax cut worth roughly 17 cents per litre after VAT, which the government says will provide around €2.5 billion in relief over three months. DW’s Daniel Winter explains how much drivers could save, why critics are questioning the measure and what Europe’s latest energy shock could mean for inflation and interest rates.

#Germany #FuelPrices #IranWar #OilPrices #EnergyCrisis #Inflation #Europe #GermanEconomy

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