Gas and diesel cost much money now. In Germany one liter often costs over 2 euros. In Austria prices are very high too.Bus companies and taxis have big worries. Their costs grow very fast. But they earn no more money.The government wants to help fast now. A new tank discount is planned. The tax on fuel goes down then.A price cap shall come too. This means: The price gets not too high. The state sets a limit for the price then.Politicians fight about an extra tax on profit. Oil firms shall pay this tax. These firms make very much profit now.Experts warn about the tank discount. It helps rich people most. Poor people have often no car at all.
High prices for gas and diesel
119
This text was generated automatically and has not been reviewed for accuracy. No guarantee is given for the correctness of the content. Learn more Learn more about article generation
Definitions
- Inflation
- Inflation means money loses value. Goods get more expensive, you can buy less for the same money.
- Gross domestic product
- The gross domestic product shows the total value of all goods made in one year in a country.
- Excess profit tax
- An extra tax for companies that make very high profits due to crises or wars.
People
- Friedrich Merz
- A German politician from the CDU party and federal chancellor in this scenario.
- Lars Klingbeil
- A German politician from the SPD party and vice chancellor who fights for a price cap.
- Markus Marterbauer
- The Austrian finance minister from the SPÖ party.
Locations
- Germany
- A country in Europe where the government decides about relief for car drivers.
- Austria
- A country in Europe where the bus and taxi sector has big problems with prices.
Sources
Bild
BILD kennt das Entlastungspaket der Regierung: Tankrabatt UND Preisdeckel sollen kommen!
Read now
Latest articles
Politics
Foreign Policy
5 countries want no new EU debt
Read nowAustria and 4 other countries refuse new common debt for the EU budget. They demand money cuts and new goals.
Politics
Defense & Security
EU gives money for weapons
Read nowThe Ukraine gets money from the EU. The country buys weapons with it.
Politics
Environmental Policy
Austria makes new climate law
Read nowAustria wants to protect the climate. The government makes a new law. Austria wants to be climate neutral by the year 2040.
Politics
Social Policy
News about the rule for learning for young people
Read nowYoung people in Austria must learn until 18 years. Korinna Schumann tells good news. Most young people find a new way to learn.