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Germany to Monitor Fuel Prices Closely After Tax Cut Expires

Unleaded and diesel petrol pumps at a gas station in Erlensee, Germany.

Unleaded and diesel petrol pumps at a gas station in Erlensee, Germany.

Photographer: Alex Kraus/Bloomberg

Germany’s competition watchdog said it will continue to “keep a very close eye” on gas-station operators and refiners after a reduction in fuel tax expires on Wednesday.

Chancellor Olaf Scholz’s government cut the duty on fuel by about 35 euro cents ($0.35) per liter for gasoline and about 17 cents for diesel for three months from June 1 as part of a package of measures to ease the burden on businesses and households from soaring energy costs.