Germany's Finance Minister Wolfgang Schäuble had last week floated the idea of introducing a tax on petrol in Europe to help cover the costs of tackling the continent's worst migration crisis since World War II.
"A fuel tax, at a national or European level, could be a possible source of financing, especially if you take into account petrol prices are at a historical low," Valdis Dombrovskis told the magazine.
"I agree with Mr Schäuble, we need fresh ideas in Europe to deal with the refugee crisis," said Dombrovskis, who is also the European Commission's vice president.
Schäuble's suggestion triggered a welter of criticism, including from within the ranks of his CDU conservative party.
The party's vice president Julia Klöckner rejected the plan on grounds it amounted to telling taxpayers it was up to them to foot the bill for the influx of refugees.