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Fuel gets cheaper in Austria and Germany

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Prices at the gas station fall soon in Austria. The government plans a new price limit for fuel. One liter costs 12 cents less then. The measure applies for October and November. The state lowers taxes for gasoline and diesel.

Profits of oil companies fall too. Federal Chancellor Christian Stocker wants to relieve citizens. He calls high prices a result of Donald Trump politics. A full tank is about 5 euros cheaper in Austria.

Germany introduces a fuel discount from October 1 too. The price falls by about 17 cents per liter here. Federal Chancellor Friedrich Merz calls this a strong signal. Experts warn against fixed price limits. Such limits led to fuel shortages in other countries.

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Definitions

Inflation
Inflation means money loses value. You can buy fewer things for the same amount of money.
Mineral oil tax
This is a tax you pay to the state when you buy gasoline or diesel.
Value added tax
This is a tax on all things you buy in the shop. The state gets this money.
Profit margin
This is the part of the sale price a company keeps as profit after paying all costs.

People

Christian Stocker
He is the Federal Chancellor of Austria and belongs to the OVP party.
Friedrich Merz
He is the Federal Chancellor of Germany and belongs to the CDU party.
Donald Trump
He is a politician from the USA.

Locations

Austria
A country in Europe and neighbor of Germany.
Germany
A country in the middle of Europe.

Sources

Logo FAZ
FAZ

Spritpreisdeckel: Warum Experten vor einem Flop warnen

Read now
Logo Bild
Bild

Dieser Kanzler zeigt uns, wie billiger tanken geht: Österreichs Sprit wird NOCH günstiger

Read now
Logo Spiegel
Spiegel

Entlastung für Verbraucher: Österreich will Spritpreis um 12 Cent senken

Read now
Logo VOL
VOL

Spritpreisbremse soll Treibstoffe um 12 Cent verbilligen

Read now

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