This law temporarily reduces the VAT rate on fuel from the standard rate to 11% from May 1 to August 31, 2026. Fuel sellers are required to pass the full tax reduction on to consumers in retail prices. The Competition Authority has special oversight powers to ensure the reduction is reflected in prices and can impose administrative fines on companies that fail to comply. If the tax cut does not reach consumers, the minister may impose temporary price controls, such as maximum prices or markups, through the end of August 2026.