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Germany moves to beef up cartel laws amid fuel tax disappointment

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DPA

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…

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