Tank discount fading: first call to cancel

Mineral oil companies as “war exploiters”
Off to discount tank? Excess tax will be checked

on 1.6. The tank discount that was introduced does not align well with drivers, and now there are first calls to cancel it early. Tax on excess profits is also discussed.

At the beginning of June, the energy tax on fuel was reduced through the end of August as a central component of the federal government’s relief package due to rising energy costs: 30 cents a liter for gasoline and 14 cents a liter for diesel. . But the price of fuel only dropped significantly at the start of the tank discount, and then rose again dramatically in the days that followed. The criticism: Mineral oil companies don’t pass tax cuts on to consumers, they just maximize their profits — quasi-government subsidies.



Politicians demand the abolition of the tank discount

Now the first demands for the early cancellation of the tank discount are high. Lower Saxony’s Energy Minister Olaf Laiss (SPD) demanded: “With every cent that does not reach the citizen, we as a state support corporate profits. The result of the examination should also be the early cancellation of the deduction.”


opinion poll

Yes, it is useless!

No, otherwise the fuel will be more expensive!



Read more

Marcel Fratzcher, President of the German Institute for Economic Research (DIW), also spoke via Twitter and asked: “Many expected that the fuel price brake would be counterproductive and would end up in the pockets of mineral oil companies. How would that be if the policy admitted its mistake and immediately stopped the fuel price brakes? ?”


The gas station association sees the price of fuel 2.60 euros

The Gas Station Interest Group (TIV), which represents about 1,000 gas station tenants in Germany, accuses oil companies of enriching themselves with the consequences of the Ukraine war. “Petroleum companies benefit from a market climate that allows for relatively high gasoline prices,” said a spokesman for the association Stuttgarter Zeitung and Stuttgarter-Natrichten. According to the spokesperson, the average price for a Super will soon reach over €2 again and “in August we will end up at €2.10 or €2.20”. When the opponent ends, a “Shameless Awakening” follows. After that, according to our estimates, you will leave prices between 2.30 and 2.60 euros.



Rinat Konst, a member of the Green Party of the Bundestag, also spoke in favor of spending budget funds “differently and more specifically to reduce the burden on consumers”. On the ARD morning show on Tuesday (June 7), she said: “We already have here a discount that goes into the pockets of oil companies and does not even have a control effect.” Konast said it was right to discuss ending the tank discount. It is also appropriate to discuss the excess profits tax for mineral oil companies.


Excess tax in the Federal Council

This excess profits tax is intended to dispense with the profits of the company which have not been realized by the economic performance of the individual. Bremen Mayor Andreas Buffenschult (Social Democratic Party), together with the states of Berlin and Thuringia, made a similar request to the Bundesrat on Friday (10 June). In their proposal for a resolution, the three countries referred to the solidarity tax related to the industry in Italy and the European Union Commission’s proposal for an extraordinary temporary tax on profits.


As planned, the project was referred to the specialized committees for further discussion. They will deal with it from June 20, 2022.” According to the three federal states, the Bundesrat must ask the federal government to submit a proposal for the provision of the excess profits tax for 2022 in order to substantiate the excess profits related to the crisis, especially in the energy sector, with a tax or levy. It is intended to fund government relief measures,” the Federal Council said in a statement.


Federal Finance Minister and FDP leader Christian Lindner has categorically ruled out the imposition of an excess profits tax. This would make tax law arbitrary, more opaque and more bureaucratic, he said.


opinion poll

Yes, they enrich themselves in wartime!

Yes, but it’s too late!

No, it does not reach the consumer!



Read more

In our photo we show you how to configure the fuel price.


conclusion

The tank discount does not reach the consumer, mineral oil companies that are not legally obligated to pass it on, make a profit. At the expense of consumers, tax subsidies cost us about 3.5 billion euros. But should you stick to the discount? The first politicians and associations speak out against it. In addition, there is also a discussion about dispensing with the profits of mineral oil companies with an excess profit tax. Bremen has now submitted a similar draft to the Federal Council. Will all of this help consumption now and here immediately in light of high fuel prices? of course no.

Leave a Comment