Germany’s lower house of parliament has approved initial measures to curb surging fuel prices.
Under the legislation, petrol stations will be permitted to increase prices only once daily, at 12:00 local time, while reductions may be made at any time. Forecourts who breach the rules could face fines of up to €100,000.
This comes a day after Shell’s chief executive warned Europe could face a shortage of energy and fuel as soon as next month unless the strait of Hormuz reopens.
