SPD parliamentary group leader Matthias Miersch urges Federal Minister of Economics Katherina Reiche of the CDU to improve her legislative draft concerning the planned fuel price cap.
The cap, as currently presented in the draft, has failed to take effect even once in the last ten years, not even in this crisis year, Miersch told Funke Media Group newspapers. He argues that if the tank discount expires at the end of the year, the fuel price cap must be passed by mid-December. However, Miersch states the current legislative draft is simply insufficient. The SPD parliamentary group leader maintains that a fuel price cap is a good solution because it would prevent billions from having to be injected into the market again. Simultaneously, he again advocated for a windfall profit tax. Other countries in Europe have long been pursuing this path.
Miersch announced that in the context of the fuel price cap, he also wants to re-evaluate the so-called 12-hour rule for refueling. Since April 1, fuel prices can only be increased once per day at 12 o’clock. While Miersch acknowledges that this regulation has been effective during certain phases, he argues it is not the best instrument. Above all, he says this rule is a sign that people will not be left to fend for themselves regarding fuel prices.
