16/03/2026
Austria’s finance minister has rejected claims that the government is profiting significantly from rising fuel prices, pushing back against criticism from the head of the energy company OMV.
Markus Marterbauer said on Monday that the state earns only a small amount from higher fuel prices, responding to accusations from Alfred Stern that the government benefits when petrol becomes more expensive.
Speaking at a press conference, Marterbauer said the government does not make “extra profit” from the situation. According to his calculations, additional revenue from value-added tax amounts to roughly €10 million per month — around 1.3 cents per litre of fuel.
He explained that most fuel-related taxes, such as the mineral oil tax and the CO₂ tax, are fixed per quantity rather than linked to price. This means they do not automatically increase when fuel prices rise. Only VAT rises with higher prices.
However, the minister argued that cutting VAT would not significantly lower prices at the pump. Instead, he suggested that larger profit margins may be occurring elsewhere in the supply chain.
Preliminary findings from a study by the Austrian Federal Competition Authority indicate that international traders and refineries may be benefiting more from recent price increases than the state.
Despite this, Austria’s governing coalition is discussing possible measures to ease the burden on consumers. Options include regulating margins within the fuel supply chain or returning part of the additional VAT revenue to the public. Major tax cuts are considered unlikely due to pressure on the national budget.
Marterbauer also suggested that the root cause of the price surge lies beyond Austria’s borders, pointing to the impact of the Gaza war and broader tensions in the Middle East. Ending the conflict, he said, would be the most effective way to stabilise prices.
Before announcing any concrete measures, the minister said the government would wait for the final results of investigations by the competition authority and the Institute for Advanced Studies, which are expected next week.