Austria’s Federal Council had approved an extension of the temporary mineral oil tax reduction on petrol and diesel through 30 November 2026. The measure had provided for a tax cut of up to EUR 0.067 per litre and a EUR 0.035 per litre margin cap.
Austria’s Federal Council had approved an amendment to the Mineral Oil Tax Act on 29 September 2026, extending the temporary reduction of the mineral oil tax on petrol and diesel through 30 November 2026.
The measure allowed Finance Minister Markus Marterbauer to reduce the mineral oil tax by up to EUR 0.067 per litre during October and November. The reduction would bring the diesel tax rate down to the EU minimum.
A margin cap of EUR 0.035 per litre would also apply to the fuel industry. Including the VAT effect, the measures could reduce petrol and diesel prices by more than EUR 0.12 per litre.
The amendment was expected to enter into force on 1 October 2026 following publication in the Official Gazette.
The Federal Council approved the measure after the National Council had passed the expanded fuel price brake on 28 September 2026.
