
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
4 Coolers for Present day Kitchens - 2
Hubble Space Telescope spies dusty debris from two cosmic collisions - 3
What is IDF's view on pontential long-term occupation of southern Lebanon? - 4
The most effective method to Apply Antiquated Ways of thinking in Current Brain science Practices - 5
IDF continues counterterrorism operations in Gaza Strip, including destroying terror tunnels
Excelling at Cash The board: A Manual for Monetary Essentials
New movies to watch this weekend: See 'We Bury the Dead' in theaters, rent 'Wicked: For Good,' stream 'The Unbreakable Boy' on Starz
Your kid wants it now. What saying yes, no or not yet teaches kids about money and instant gratification.
Obamacare enrollment declines as US subsidies expire
What's Your Number one Superhuman Film Made?
Global measles cases drop 71% in 24 years as vaccination coverage improves, WHO says
Vote in favor of your Favored sort of footwear
Quantum Computing’s Next Major Breakthroughs Could Come From Australia
Which Exhibition hall Do You Suggest? Vote













