German finance chief wants measures to curb fuel price hike

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Germany's finance minister proposes a “crisis discount” to dampen the impact of recent fuel price hikes due to the war in Ukraine.

in the German government, meanwhile, have proposed introducing a speed limit on the country's highways to curb fuel use. A spokesman for the environment ministry, Christopher Stolzenberg, said a speed limit was “good for protecting the climate, protecting resources and safety on the road.”Lindner declined to comment on proposals for a speed limit, which his party, the Free Democrats, have previously opposed.

Other European countries have also taken measures recently to cushion consumers from the economic consequences of the war in Ukraine. The Swedish government on Monday proposed a temporary reduction in fuel tax and other financial aid to retirees, low-income families with children and car owners. “Russia’s illegal invasion of Ukraine creates more insecurity in our world and in our economies. It will affect us for a long time and my message to the Swedish people is this will be a test,” Finance Minister Mikael Damberg said at a press conference.

Sweden's Social Democratic minority government presented an aid package worth 14 billion kronor that needs approval in the 349-seat Riksdagen.

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