German finance chief wants measures to curb rising fuel prices

Germany’s finance minister has offered a ‘crisis discount’ to ease the impact of recent fuel price hikes due to the war in Ukraine

The fuel subsidy proposed by Finance Minister Christian Lindner could cut gasoline prices by more than 0.2 euros per liter (about $0.08 per gallon), German media reported.

“The state must not leave citizens and businesses alone in the face of rising prices,” Lindner said.

He said the measure had not yet been approved by the three-party government coalition, but he hoped the Cabinet could approve it on Wednesday as part of a broader package.

“Whether that’s something we’ll get to next is…under discussion,” he said.

Lindner declined to comment on the speed limit proposals, which his party, the business-friendly Free Democrats, had previously opposed.

Other European countries have also recently taken steps to protect consumers from the economic consequences of the war in Ukraine.

The Swedish government on Monday offered a temporary reduction in fuel tax and other financial aid for pensioners, low-income families with children and car owners.

“Russia’s illegal invasion of Ukraine creates more insecurity in our world and in our economies. It will affect us for a long time and my message to the Swedish people is that it will be a test,” Finance Minister Mikael Damberg told a news conference.

Sweden’s minority Social Democratic government has presented an aid package worth 14 billion crowns ($1.6 billion) which must be approved by the 349-seat Riksdagen.


Jan M. Olsen in Copenhagen contributed to this report.


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