The Austrian National Council and Federal Council have approved an extended fuel price brake following a special session. Scheduled to take effect on October 1, the measure aims to reduce gasoline and diesel prices by up to 12 cents per liter for two months.
Finance Minister Markus Marterbauer is authorized to reduce the mineral oil tax by 6.7 cents per liter via ordinance. This reduction, which includes VAT effects, requires the industry to meet price-dampening rules and a margin limit of 3.5 cents per liter.
State Secretary Barbara Eibinger-Miedl said the plan offers rapid inflation relief. While the FPÖ sought deeper tax cuts and CO2 price abolition, the Green Party criticized the broad subsidy, instead calling for public transport support and profit limits.