German government plans to cut taxes on gasoline by 17 euro cents per litre, sources say
XLE•Germany plans gasoline tax cut in response to higher fuel prices
BERLIN, Sept. 18 (Reuters) - The German government has agreed to cut taxes on gasoline equivalent to 0.17 euros ($0.195) a litre in response to soaring fuel prices, people with knowledge of the matter said on Friday.
The move will see a 0.14 euro cut in energy tax and an additional 0.03 euro cut in sales tax, the sources, who spoke on condition of anonymity, said.
($1 = 0.8710 euros)
