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German diesel hits new records over Easter weekend
German diesel hits new records over Easter weekend
The prices for diesel and petrol can be seen at a filling station. Germany is introducing a new price regulation for petrol stations on Wednesday after fuel prices rose sharply following the start of the Iran war.Under the new rule, petrol stations will be allowed to raise prices only once a day, at midday. Sebastian Christoph Gollnow/dpa
The prices for diesel and petrol can be seen at a filling station. Germany is introducing a new price regulation for petrol stations on Wednesday after fuel prices rose sharply following the start of the Iran war.Under the new rule, petrol stations will be allowed to raise prices only once a day, at midday. Sebastian Christoph Gollnow/dpa

Diesel fuel breached the all-time price record in Germany on Sunday at an average €2.440 ($2.820) per litre, up 1.5 cents from the previous day, according to the ADAC automobile association.

E10 petrol rose by 0.7 cents to an average €2.191 per litre.

In response to soaring oil prices resulting from the war in the Middle East, the German government passed a bill last week to restrict petrol stations to raising prices once a day, at midday, in an effort to limit price fluctuations and ensure greater transparency. The measure went into effect on Wednesday April 1.

A week ago on March 30, Germans paid an average €2.295 for a litre of diesel and €2.087 for a litre of E10 petrol.

Noon on Monday saw further increases, with the average diesel price up 6.6 cents at €2.487 and E10 also up 6.6 cents at €2.235. The ADAC sees the price increases as excessive.

Crude oil prices continued their rise. Brent crude for June delivery came in at $111 per barrel, up almost $40 since the start of the war.

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