- The European Union is considering options to cap gas prices, as a growing number of countries pressure Brussels to put a lid on sky-high fuel costs.
- France, Italy, Poland and 12 other countries sent a joint letter to the European Commission this week asking it to propose an EU-wide price cap on wholesale gas transactions to help rein in surging inflation.
- Other countries are opposed – among them Germany, Europe’s biggest gas buyer, and the Netherlands – and it is unclear whether there would be enough support among countries to approve any proposal.
EXPLAINER: How could Europe cap gas prices?
