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Germany Targets Crackdown on Fuel Gouging After Tax Cut Fizzles

  • Economy Minister Habeck wants antitrust with ‘teeth and claws’
  • Coalition claims emergency tax cut isn’t reaching consumers
Germany’s Federal Cartel Office already said in April it was launching a probe of the oil sector.

Germany’s Federal Cartel Office already said in April it was launching a probe of the oil sector.

Photographer: Krisztian Bocsi/Bloomberg

Germany plans to give competition authorities enhanced powers to crack down on fuel companies after emergency tax cuts failed to trigger the intended price reductions for consumers.

Economy Minister Robert Habeck accused oil producers of failing to pass on the benefits of lower levies to consumers and reaping a profit from the surge in energy prices.