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ECONOMY

Government tackles holiday petrol price hikes

Higher petrol prices just as school holidays start could be a thing of the past, with the German government taking steps to stop fuel firms taking advantage of people’s travel plans.

Government tackles holiday petrol price hikes
Photo: DPA

With Easter school holidays starting in much of the country this weekend, motorways were expected to be full across the country.

Adding insult to traffic jam misery, petrol prices have also reached record highs with a litre of Super E10 costing an average of €1.70 in Germany on Thursday.

Germany’s upper house of parliament, the Bundesrat, is discussing new law on Friday which would break the control of major oil companies on petrol prices.

If agreement is found, a proposal will be put to the lower house, the Bundestag after the summer break.

The new proposal requires oil giants to warn of price changes by 2pm of the day before the change, and the new price must remain constant for at least 24 hours.

Prices would be stored in a central public database. In theory, motorists would be able to check the pump prices at stations in their area on their mobile phones.

The idea is specifically to break the hegemony of multinationals Aral and Shell. As Germany’s market leaders, these companies dictate price changes at the pumps. When they raise prices, smaller suppliers generally follow suit within about five hours.

Erik Schweickert, spokesman for the government’s junior coalition partner the Free Democratic Party, told Bild newspaper, “Our aim is to take measures against the racket on the roads as soon as possible. The price of petrol should be directed by supply and demand again – not public holidays.”

“Millions of motorists should no longer be oppressed by the oil multinationals,” said Johannes Singhammer, of the Christian Social Union, sister party to Angela Merkel’s Christian Democratic Union.

The government’s proposal is well-timed to coincide with the highest petrol prices ever seen in Germany – on Thursday a litre of Super E10 cost an average of €1.70 in Germany.

FDP leader and Economy Minister Philipp Rösler also intends to expand the powers of Germany’s cartel authorities to prevent prices being dictated by one or two companies in any given sector.

“We need more clarity and control,” he told Bild. “That’s why I want to give the Federal Cartel Office the tools to uncover possible abuses and to investigate them.”

Coinciding conveniently with the recent petrol price hike, the motorist association ADAC warned this week that traffic jams were expected on several German motorways as Easter school holidays in many parts of the country begin this weekend.

On top of increased domestic traffic, thousands of people are expected to travel through or into Germany from neighbouring countries in what the Auto Club Europa (ACE) described as “the first big travel wave of the year.”

The Local/bk

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TRANSPORT

Copenhagen Metro lines reopen after two-week closure

Lines M3 and M4 of the Copenhagen Metro are back in service having reopened on Sunday, one day ahead of schedule.

Copenhagen Metro lines reopen after two-week closure

The two lines had been closed so that the Metro can run test operations before opening five new stations on the M4 line this summer.

The tests, which began on February 10th, are now done and the lines were running again as of Sunday evening, a day ahead of the original planned reopening on Monday February 26th.

“We are very pleased to be able to welcome our passengers on to our two lines M3 and M4,” head of operations with the Metro Søren Boysen said.

“The whole test procedure exceeded all expectations and went faster than expected and we can therefore get a head start on our reopening now,” he said.

Time set aside for potential repeat tests was not needed in the event, allowing the test closures to be completed ahead of time.

“Several of our many tests went better than expected and we have therefore not used all the time we needed for extra tests,” Boysen said.

The two lines serve around one million passengers every week, according to the Metro company.

READ ALSO: Copenhagen city government greenlights extension to Metro line

The new stops on the M4 line will be located south of central Copenhagen in the Valby and Sydhavn areas. The will have the names Haveholmen, Enghave Brygge, Sluseholmen, Mozarts Plads and København Syd (Copenhagen South).

The M3 and M4 lines, the newer sections of the Metro, opened in 2019 and 2020 respectively.

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