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The temporary reduction in the mineral oil tax has been in effect since May 1. Consumer prices for gasoline and diesel have dropped noticeably. Federal Finance Minister Lars Klingbeil expects the oil industry to pass on the relief in full and without delay.
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Germany's HDE consumer barometer dropped to 94.85 points in April, its lowest since February 2024. Consumers anticipate rising prices and interest rates, weighing on private spending. The plunge is linked to the Iran war and surging energy costs.
March 09, 2026 02:52