Wall Street

Germany moves to beef up cartel laws amid fuel tax disappointment

Published by

German Economy Minister Robert Habeck said on Monday he plans to introduce tougher laws to prevent anti-competitive actions by companies “as quickly as possible,” as the coalition government faces criticism over its attempt to reduce petrol prices. Oil companies were handed a tax reduction from the start of this month in Germany, with the idea being that they pass the saving on to consumers who are suffering from high inflation, partly as a result of the war in Ukraine. Prices for petrol and diesel fell substantially to begin with, but they have since crept up again, although not to their prev…

Read More

Share this Story
Load More Related Articles
Load More In Wall Street