OMV Boss Asks for Lower Taxes on Fuel
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Fuel is very costly in Austria now. The boss of OMV is Alfred Stern. He spoke in an interview on Saturday. Stern says: There is too little oil in the world. This is because of the war in Iran. So prices at gas stations go up.
Stern now asks the state for help. He wants the state to lower taxes on fuel. For him, this is the only way to get cheaper fuel. He warns politics about fixed price limits. Such limits can be dangerous. Then there might soon be no fuel left in Austria.
The OMV boss defends himself against criticism. Many people say: OMV makes much money from the crisis. Stern says: This is not true. He explains the costs for one liter of gasoline. A big part of the price is taxes for the state. OMV itself must pay much money for the oil. In the end, OMV has little money left.
Stern now asks the state for help. He wants the state to lower taxes on fuel. For him, this is the only way to get cheaper fuel. He warns politics about fixed price limits. Such limits can be dangerous. Then there might soon be no fuel left in Austria.
The OMV boss defends himself against criticism. Many people say: OMV makes much money from the crisis. Stern says: This is not true. He explains the costs for one liter of gasoline. A big part of the price is taxes for the state. OMV itself must pay much money for the oil. In the end, OMV has little money left.
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Definitions
- OMV
- A big company from Austria. It makes gasoline, diesel, and gas.
- Fuel
- Another word for stuff like gasoline or diesel for cars.
- Supply Security
- This means that important things like fuel or power are always there.
- Tax
- Money that citizens and firms must pay to the state.
People
- Alfred Stern
- He is the leader of the Austrian energy company OMV.
Locations
- Austria
- A country in Central Europe. OMV has its main office there.
- Iran
- A country in Asia. It has much oil. It is now in a war.
