Germany restricts gas stations to raise prices only once per day

Investing.com – German Chancellor Friedrich Merz stated on Friday that Germany will prohibit gas stations from raising prices more than once a day, calling it a first step to address concerns over rising fuel costs since the outbreak of the Iran war.

Merz indicated that the decision was passed in the Federal Council of Germany on Friday and will take effect before Easter.

Merz wrote on the X platform: “We are strengthening the powers of the Federal Cartel Office to combat excessive prices.”

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