Fuel Crisis: Germany Limits Price Rises to Noon Only
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Parliament in Berlin gears up for a peculiar fix to oil-driven fuel inflation. A draft law, likely passing Bundestag today, mandates petrol pumps hike prices solely at noon daily. Cuts permitted anytime; defiance risks 100,000 euro fines.
West Asia flare-ups post-US-Israel moves hammered prices: Germany’s petrol +27 cents/liter, diesel +42, topping EU averages (20/36 cents). The Monopolies Commission underscores consumer pain points.
Deputy Social Democrat chair Armand Zorn slams industry greed in Bild: ‘No supply crunch, pure pricing scam.’ He highlights unmatched European profiteering.
Pre-noon lines probable as savers preempt rises. Federation of German Industries resists, eyeing anti-trust excesses. Bundesrat sign-off needed. Europe’s energy battle intensifies; will this timed pricing stem the tide?
