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German petrol prices drop below 2 euros locally due to excise tax cut

German petrol prices drop below 2 euros locally due to excise tax cut

Gasoline prices at many German gas stations dropped below 2 euros on Friday following a temporary excise duty reduction. The tax cut of approximately 17 cents per liter was implemented to alleviate the burden of rising fuel costs driven by conflict in the Middle East.

Based on reporting by nu. Translated and condensed by LocalHeadlines.

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