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flag Germany considers windfall tax on energy firms over rising fuel prices amid Middle East tensions and high taxes.

flag Germany is considering a windfall tax on energy companies amid a nearly 5% rise in petrol prices, driven by Middle East tensions and high taxes, with diesel reaching €2.17 per liter. flag The government, led by Economy Minister Katherina Reiche and Finance Minister Lars Klingbeil, is evaluating a special tax on excessive crisis-related profits, similar to a 2022 model, to fund relief measures. flag A proposed fuel pricing package would limit price hikes to once daily and strengthen antitrust enforcement, while the European Commission has noted Germany’s steep increases compared to other EU nations. flag Industry groups dispute claims of price gouging, citing stable margins and high tax contributions, warning that new measures could deter investment.

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