Politics · Germany · 15 hrs ago

Hubig says proposed German fuel price cap may not protect consumers

Hubig says proposed German fuel price cap may not protect consumers

German Consumer Protection Minister Stefanie Hubig has criticized a proposed fuel price cap drafted by Economy Minister Katherina Reiche.

Hubig says the plan needs changes because it may not give drivers meaningful relief at fuel stations.

Under Reiche’s proposal, fuel prices would have to rise for three weeks in a row by more than five percentage points above the average increase in the rest of the European Union before the cap could start.

Hubig doubts that these high hurdles will let the cap take effect when needed.

If introduced, the cap would last no more than three months and could be suspended if fuel supplies were at risk.

Hubig is calling for changes to the draft, but the sources do not say what the revised plan will be or when it might be decided.

1 source

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What people are saying

Stefanie HubigFederal justice and consumer protection minister
If the fuel price cap is designed as proposed, then it will remain dead law
via Neue Osnabrücker Zeitung, as quoted by n-tv
Consumers need an effective law that makes a noticeable difference at the fuel pump
via Neue Osnabrücker Zeitung, as quoted by n-tv