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Germany's fuel prices to drop under new plan
On Friday evening, the German government reduced the fuel tax by 14 cents per liter, with an expectation that the total savings for consumers would reach approximately 17 cents per liter after the reduction in VAT. This measure aims to lower fuel costs for drivers, businesses, and the transportation sector, easing the burden of rising energy prices. An agreement was also reached to set a cap on fuel prices linked to global oil prices, though no specific date for its implementation has been announced yet. The decision was welcomed by the transportation and agricultural sectors, but criticized by economists who warned about the limited benefits and the possibility that support may be directed toward those most able to afford the high fuel prices.
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