Germany implements limits on fuel price increases amid Iran tensions
Germany's lower house of parliament has approved initial measures aimed at controlling rising fuel prices following heightened tensions in the Middle East. The legislation permits petrol stations to raise prices only once per day at noon local time, while price reductions can occur at any time. Violations may result in fines up to €100,000 ($108,000).
The bill also strengthens antitrust regulations to improve transparency in fuel pricing. Additional steps are under discussion within the coalition government led by Chancellor Friedrich Merz’s conservatives and the Social Democrats. Fuel costs above €2 per litre have become common since February after U.S. and Israeli attacks on Iran and retaliatory strikes by Tehran. Economists now forecast German inflation closer to 3% for 2026, up from previous estimates of 2%.
The cabinet approved the package in mid-March, and the rules are expected to take effect by early April, with a review scheduled after one year.
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