German Cartel Office Calls for Fuel Price Reductions Following Iranian Ceasefire
German Cartel Office Calls for Fuel Price Reductions Following Iranian Ceasefire
The President of the German Cartel Office, Andreas Mundt, emphasized the necessity for declining oil prices due to the recent ceasefire in Iran to be reflected at fuel stations.
In an interview with ‘Handelsblatt’, Mundt dismissed criticisms regarding the agency’s inaction, asserting that substantial evidence is required to address corporate violations, which cannot be gathered swiftly. A new law passed by the Bundestag and Bundesrat in March facilitates the Cartel Office’s ability to act against companies with excessively high fuel prices. However, the ADAC has expressed concerns over the agency’s perceived inactivity and its role as a mere observer.
For journalistic integrity, this report was summarized from: deutschlandfunk.de
