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Euronews

Franziska Müller

Germany cuts fuel tax as oil prices surge on Iran blockade

Friedrich Merz Lars Klingbeil Oil Germany Iran Coalition Finance Petrol SPD Bärbel Bas

Germany's ruling coalition has agreed an emergency energy package after a weekend of marathon negotiations, cutting the mineral oil tax on diesel and petrol by around 17 cents per litre for two months in response to surging fuel prices.

Federal Chancellor Friedrich Merz (CDU), Vice Chancellor and Finance Minister Lars Klingbeil (SPD), SPD leader Bärbel Bas and CSU chief Markus Söder presented the results at a press conference on Monday morning after talks that ran late into the night at Villa Borsig.

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