
Hours after Germany's upper house of parliament, the Bundesrat, approved a package of measures to curb high fuel prices, President Frank-Walter Steinmeier signed plan into law on Friday.
The bill officially takes effect once it is published in the Federal Law Gazette. The package of measures had only been passed by the Bundestag, or lower house of parliament, on Thursday.
Ahead of the busy Easter travel period, the new law allows petrol stations to raise prices only once per day, at noon (1100 GMT).
Previously, fuel prices were changing sometimes hourly, due to the US-Israeli war in Iran. Price cuts, however, will still be possible at any time.
In addition, Germany's competition authority is to receive more powers to act against excessive prices. In future, companies will have to explain that price increases are objectively justified.
This is intended to make it significantly easier for regulators to take action against excessive fuel pricing.
Whopping 80% say law is inadequate
Although by German standards the law passed very quickly, residents are not impressed.
A clear majority of people in Germany believe the government's measures against rising fuel prices are inadequate, with 80% of respondents surveyed saying not enough is being done, the ZDF's Politbarometer poll released on Friday showed.
Some 14% consider the measures appropriate while 3% say they go too far.
Many people are calling for a temporary cut in taxes and levies on petrol and diesel, the survey found. Some 73% support such a step while 25% oppose it. That's backed by a majority across most party supporters, with only Green party supporters showing a split picture.
LATEST POSTS
- 1
L.A.'s most famous midcentury home, the Stahl House, is on the market for the 1st time, at $11K per square foot: See inside - 2
EU states agree first step for Ukraine reparations fund - 3
Sanofi to acquire hepatitis B vaccine maker Dynavax for $2.2 billion - 4
Volkswagen Just Built a Plug-In Tiguan for China That America Doesn’t Get - 5
Some Americans say they'll go without health insurance as ACA rates spike
Iran warns its ready to open new front in Yemen, close Bab al-Mandab Strait with Houthis
NASA's Perseverance Mars rover could break the record for miles driven on another planet
Eco-Accommodating Kitchen Machines: 4 Picks for a Manageable Home
This star-forming galaxy is blowing out powerful winds topping 2 million mph
EU waters down plans to end new petrol and diesel car sales by 2035
These 3 Nail-Free Finds Completely Transformed My Drab Bathroom
Air New Zealand cuts flights and hikes fares as fuel prices surge
NASA begins the countdown for humanity's first launch to the moon in 53 years
Watch Blue Origin's huge New Glenn rocket ace its epic landing on a ship at sea (video)













