Vienna, Austria — April 19, 2026 The Social Democratic Party of Austria (SPÖ) has intensified its criticism of OMV AG’s decision to only partially implement the diesel fuel price brake, reducing prices by 2.8 cents per liter instead of the planned 5 cents.

Background and Corporate Influence

The controversy stems from OMV’s partial adoption of the fuel price brake, a measure intended to alleviate rising energy costs for consumers. The Österreichische Beteiligungs AG (ÖBAG), which holds a 31.5% stake in OMV, has significant influence over the company’s policies through its representation on the supervisory board. This influence is further reinforced by a syndicate agreement with Abu Dhabi National Oil Company (ADNOC).

In 2025, the Austrian Court of Audit (Rechnungshof) highlighted the ÖBAG’s role in shaping OMV’s corporate strategy, particularly in matters affecting national interests such as energy affordability. The audit emphasized the importance of the syndicate agreement in ensuring that Austria’s public interests are represented in OMV’s decision-making processes.

SPÖ’s Call for Action

SPÖ energy spokesperson Alois Schroll has publicly urged the ÖBAG to intervene, arguing that the state-owned holding company has a duty to advocate for affordable energy. Schroll stated: *"Die ÖBAG hat als Teileigentümerin also über den Aufsichtsrat die Möglichkeiten, auf die Unternehmenspolitik der OMV AG einzuwirken"* ("As a partial owner, the ÖBAG has the means to influence OMV AG’s corporate policy through the supervisory board").