Germany will start restricting fuel stations from raising their prices. It’s the latest effort by an EU country to reduce the fallout from the war with Iran. The government has also decided to force oil companies to explain why they are increasing their prices.
Breakdown
- Germany restricts petrol stations to one price increase per day 24s
- Oil companies in Germany must now justify price hikes 28s
- Austria limits price rises to three times a week and may cap profits 38s
- Slovakia imposes rules favoring citizens; EU calls it discriminatory 58s
- Germany considers further measures, including price caps and windfall taxes 1m 23s
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