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Left-wing politicians demand government price caps for fuel


Sören Pellmann, member of the Bundestag for the left, is convinced that the big oil companies are unjustly enriching themselves from the high fuel prices. A price cap is intended to put an end to the money-cutting.

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Gas station tap: “The federal government must protect motorists from being ripped off by the oil companies”

Photo: Christophe Gateau / DPA

The call for price caps is currently very much in vogue.

Now the left-wing politician Sören Pellmann is speaking out with such an idea.

The fuel price in Germany should be capped at 1.50 euros by the state in order to skim off the high profits of the oil companies, demanded the Leipzig member of the Bundestag on Friday.

The price limit should apply at least until the end of the year.

"Anyone who wants to sell fuel in Germany can do so for a maximum of 1.50 euros per liter," Pellmann explained to the German Press Agency.

"Competition among the gas stations then takes place below this national price ceiling." In contrast to the tank discount of last summer, not the taxpayers, but the corporations would be asked to pay for it.

Big oil companies had reported record billions in profits for 2022.

The background is the strong price increase after the beginning of the Ukraine war.

Since then, both crude oil prices on the world market and fuel prices at filling stations have fallen again.

On a nationwide average, diesel recently cost around 1.76 euros and super 1.80 euros per liter.

The oil companies' high profits show that fuel prices are too high, Pellmann said.

“The federal government must protect motorists from being ripped off by the oil companies.

Corporate profits are citizens' money and they need to get it back."


Source: spiegel

All business articles on 2023-02-10

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