Luc Frieden arrives at EU summitNo decision yet on extending 5-cent reduction for fuel prices

Pierre Jans
adapted for RTL Today
Speaking at the EU summit, Prime Minister Luc Frieden said Luxembourg's fuel prices were already lower than other countries, with no decision yet on whether the fuel price reduction will be extended.
Luc Frieden addresses reporters on arrival at the EU summit.
© FREDERIC SIERAKOWSKI

The Luxembourg government has not yet decided whether it will extend the 5-cent reduction per litre of fuel beyond the end of December this year.

Three-quarters of the latest Ilres survey respondents voted in favour of extending the tripartite measure.

Currently, the condition for state aid is still met. Fuel prices in Luxembourg are significantly above the level of the reference value in February.

Upon his arrival at the EU summit, where energy prices and supply in Europe are a main topic, Prime Minister Luc Frieden explained that the price was certainly important, but that it was already lower in Luxembourg than in many EU countries. In addition, the indexation of wages and energy premiums for people with low salaries must also be considered.

"In general, people's purchasing power has increased in the three years of this government so far. We will continue to work on this. We have not made a decision on how we will do this in the coming weeks. Next week, a committee will follow up on the tripartite. We're due to receive all the necessary data from Statec and other government services, which we will then discuss constructively with the social partners."

Frieden declared energy supply a priority, such as developing renewable energies. One way for EU countries to become more resilient to energy shortages would be to improve the networks between member states, he said. If Portugal had an overproduction through renewable energies, for example, Luxembourg should simply be able to buy the surplus into its network.

The Prime Minister said he expects traditionally difficult discussions to continue on the multi-annual EU budget. German Chancellor Friedrich Merz, among others, wants to make savings, while others want a solid EU budget for more cohesion. The EU heads of state and government have until December to find a compromise.

Back to Top
CIM LOGO