
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
Pick Your Favored kind of books - 2
Manual for Famous people Known for Their Altruistic Endeavors - 3
4 Jeep Models: Dominating Execution and Flexibility for Each Experience - 4
Figure out How to Modify Your Pre-assembled Home for Greatest Solace and Stylish Allure - 5
Grasping the Elements of Medical caretaker Pay rates: Factors That Shape Your Pay
Affordable Care Act enrollment is slightly ahead of last year, despite expiring subsidies
'Heated Rivalry' is just the tip of the iceberg. How hockey became the sexiest sport
Turning into a Sharp Financial backer: Individual budget Wins
Mussolini's summer villa on Adriatic coast sold for €1.2 million
Man Charged for Stealing ‘Incredibly Precious’ 286-Year-Old Violin, Worth More Than $200,000, from a Tavern
This Huge Ocean Beast Shifts Sharks’ Evolutionary Timeline
One-third of asylum applications by Iranians approved in Germany
The Fate of Mechanical technology: 5 Headways Forming Tomorrow
The most effective method to Augment Benefits in Gold Speculation: Systems and Tips













