Fuel Industry Slams Coalition's Tax Cut as a "Short-Term Fix" Demands Corporate Price Control
Economy / Finance

Fuel Industry Slams Coalition’s Tax Cut as a “Short-Term Fix” Demands Corporate Price Control

The association representing gas stations stated that the coalition’s plan to lower the price of diesel and gasoline by 17 cents for two months through a reduction in the mineral oil tax is not effective. According to the association spokesperson Herbert Rabl, who spoke to the “Rheinische Post” (Tuesday edition), he believes the measure is premature, calling it an “absolute snap decision”.

While acknowledging the intention to ease the financial burden on people, Rabl pointed out a learned lesson from the Ukraine crisis: major corporations do not necessarily pass on the full extent of tax relief. He stated that nobody can control this and suggested that the industry’s prices should be regulated. Instead, he advocated for directly engaging with the mineral oil conglomerates while simultaneously implementing tax cuts. Rabl concluded by warning that failing to take such action would leave the industry vulnerable to the corporations’ influence.