European governments are monitoring petrol price gouging, weighing tax changes and taking aim at Brussels’ carbon levies as they seek to soften the blow of high energy prices on businesses and households.
Signs that governments will intervene over energy costs come after gas almost doubled after the outbreak of war in Iran and oil prices hit nearly $120 per barrel on Monday before swinging back below $90.
France and Italy are monitoring price gouging at the petrol pump, with the French government asking a watchdog to carry out 500 checks at petrol stations from Monday to Wednesday to ensure that providers are not unfairly raising prices to profit from a rush for fuel.
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