FRANKFURT, May 27 (Reuters) – German mail and logistics
group Deutsche Post DHL plans to raise the postage
price for domestic letters to 0.80 euros from 0.70 euros from
2019, Bild am Sonntag reported.
Deutsche Post has not yet filed for regulatory approval for
the increase, the paper reported on Sunday, citing no sources.
“That is total speculation,” a spokesman for Deutsche Post
said on Sunday.
Once the federal regulator has decided how much postage can
be raised by, the company then decides which prices to adjust
and submit filings to the regulator for them.
Chief Executive Frank Appel said in May that Deutsche Post
could raise its prices for both letters and parcels.
Deutsche Post last raised the postage for a standard letter
in early 2016, to 0.70 euros from 0.62 euros.
Earlier this month, it announced plans to raise the price of
shipping packages of books and other goods in response to rising
transport costs and volumes.
(Reporting by Maria Sheahan
Additional reporting by Matthias Inverardi
Editing by Alexander Smith)