German minister pushes oil firms to lower pump prices

<article data-history-node-id="439423" about="https://www.middleeasteye.net/live-blog/live-blog-update/german-minister-pushes-oil-firms-lower-pump-prices" class="live-blog-update default clearfix"> <h2> <a href="https://www.middleeasteye.net/live-blog/live-blog-update/german-minister-pushes-oil-firms-lower-pump-prices" rel="bookmark"> <span class="field field-title">German minister pushes oil firms to lower pump prices</span> </a> </h2> <div class="content"> <div class="field field-field-text"><p data-end="965" data-start="560">Germany’s finance minister, Lars Klingbeil, said oil companies must pass on the benefits of a government fuel tax cut to consumers, as Berlin moves to cushion the impact of rising energy costs.</p> <p data-end="965" data-start="560">The measure, which took effect on 1 May, reduces energy taxes on diesel and petrol by about 0.17 euros per litre and will remain in place through June.</p> <p data-end="1337" data-is-last-node data-is-only-node data-start="967">Klingbeil told Reuters that authorities will monitor pricing closely, warning that companies must accept their responsibility.</p> <p data-end="1337" data-is-last-node data-is-only-node data-start="967">The German Federal Cartel Office said the discount has largely reached consumers, though some petrol stations have raised prices, as Europe’s largest economy grapples with broader energy market pressures.</p> </div> </div> </article>