EU governments are throwing billions at the petrol shock. Will it help?
Euronews · Current
Euronews
Current
European drivers face soaring fuel prices as the Iran war hits oil markets, prompting EU states to cut fuel taxes, cap prices and tighten regulation.
Breakdown
- Spain and Poland cut fuel VAT and introduced price controls to lower costs 22s
- Hungary capped fuel prices for domestic vehicles to prevent fuel tourism 49s
- Germany and Austria limited how often petrol stations can raise prices 1m 2s
- France relies on voluntary price caps by companies, not tax cuts 1m 15s
- Europe resists US pressure to secure Strait of Hormuz until Iran war ends 1m 43s