The German ruling coalition is considering implementing more relief measures to address the surge in fuel prices.

Investing.com – German Economy Minister Katharina Reiche stated that after Parliament approved the first round of measures, the ruling coalition may introduce more initiatives to help mitigate the impact of soaring fuel prices.

As a member of the conservative Christian Democratic Union led by Chancellor Friedrich Merz, Reiche expressed her willingness to increase subsidies for commuters and said her department will explore further plans to lower electricity prices. She noted that if the U.S.-led war on Iran continues to be delayed, current measures may be insufficient to address the situation.

Before making these remarks in the German Parliament, lawmakers had just passed a package that includes limiting gas stations to raising prices only once per day and amending antitrust laws to shift the responsibility for explaining price increases onto energy companies.

The Christian Democratic Union and Social Democratic Party coalition led by Merz plan to reach an agreement on further measures by Friday. The Finance Ministry, led by Social Democratic co-chair Lars Klingbeil, is considering a windfall tax on oil companies to capture some of the profits from the surge in crude oil prices.

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