Oil Industry Retained Up to €200 Million of German Fuel Subsidy

Germany’s oil industry retained between €100 million and €200 million from a fuel tax reduction earlier this year that was intended to ease the impact of surging costs on motorists,...

By Petra Sorge · Bloomberg Markets

Germany’s oil industry retained between €100 million and €200 million from a fuel tax reduction earlier this year that was intended to ease the impact of surging costs on motorists, a government advisory panel found.