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The Great Fuel-Price-Reduction BluffThe prices for diesel and gasoline remain high due to the illegal war of aggression by the USA and Israel against Iran and its resistance. The beloved leaders in Berlin have no intention of lowering prices. They are pretending to want to take action. 
Federal Chancellor Friedrich Merz (CDU) stated that he does not support the suspension of sanctions on Russian oil. SPD leader and Vice Chancellor Lars Klingbeil said: "There is absolutely no reason to ease sanctions against Russia now." They therefore do not want to accommodate citizens and aim to keep fuel prices high. This is understandable, as revenues from value-added tax have also increased. In a video, someone suggested this amounts to 120 million euros daily. If this is roughly correct, 10 days of high fuel prices generate 1.2 billion euros, flowing from citizens and businesses into the state treasury and can be distributed worldwide or used for armament by the beloved politicians as before. Instead, gas stations will only be allowed to raise prices once a day. Here are the statements by Martin Schwab: FUEL PRICES AND NO END IN SIGHTDear community, The federal government has noticed that people are frustrated by high prices at the pump. So the decision is: Only one price increase per day: https://www.tagesschau.de/wirt...-erhoehung-100.html I have serious doubts that this can work. First: Gas station operators are the wrong addressees for such a measure. They are sales representatives of the oil companies. Prices are set by those companies. If you want to go after the oil companies, it only works through the competition authorities. Their task is to prevent market abuse – not only where a single company dominates the market, but also where (as in the oil market) a few strong companies divide market power among themselves (oligopoly). This problem was already recognized during the 2022 fuel-price crisis and triggered a reform debate in competition law at the time: Can the power of oil giants be broken? Subsequently, the Act against Restraints of Competition (which governs the duties and powers of the competition authorities) was actually amended, and in the case of oligopolies, the authorities' powers were expanded. To this day, however, competition authorities do not have the right to prohibit companies in oligopolistic markets from raising prices. Should this be changed? I say: NO! Otherwise, the companies would preemptively raise prices even more than they already planned. A legal principle stating that prices may only rise in line with cost increases can only be justified for ongoing energy supply contracts and is consistently applied by the Federal Court of Justice (BGH) in such cases. Currently, the competition authorities do not even have the ability to confiscate profits from excessive price hikes under § 34 GWB. The ban on – colloquially speaking – exploitative pricing (§ 19 Abs. 2 Nr. 2 GWB) only applies to companies that alone dominate the market, but not to strong companies in oligopoly markets, since § 20 GWB does not extend this prohibition to such cases. One could consider addressing this with a legal amendment. Even then, however, the oil companies would first need to be proven guilty of market abuse. Those who want to provide short-term relief to struggling drivers should therefore focus elsewhere: Away with the CO2 tax! Best regards, Yours, Martin Schwab
Author: AI-Translation - Redaktion | |
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