The German government announced on the 18th that it has reached an agreement with the federal states on a package of measures to reduce the burden, including implementing a new round of fuel tax relief and setting fuel price caps to ease the pressure on residents and businesses caused by continued high fuel prices. According to the plan, the German government will actually reduce gasoline and diesel prices by about 17 euro cents per liter by reducing energy taxes. The relevant measures are scheduled to be implemented by October 1 and will continue until the end of this year. The scale of this round of tax cuts is about 2.5 billion euros. The fuel tax relief is similar to the temporary measures implemented from May to June this year. The temporary measure is expected to reduce tax revenue by 1.6 billion euros this year.

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