Germany has recorded a third consecutive day of record diesel prices after the government introduced a new measure earlier this week, the country's ADAC automobile association said on Saturday.
The average daily price of diesel nationwide reached €2.391 ($2.755) per litre on Friday, the group said, after hitting €2.346 on Thursday.
In response to soaring oil prices as a result of 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.
However, the measure, based on an Austrian regulation, has failed to bring down prices, which have instead surged since it was introduced on Wednesday.
“These figures show that the Austrian model certainly does not deserve to be called a 'price brake' and that it actually has a counterproductive effect,” the ADAC said.
Prices seem set to continue rising, with diesel surging to a new high of €2.486 in a nationwide average at midday on Saturday.
The price of E10 petrol, which contains 10% ethanol, also rose to €2.234 per litre on Saturday.
Figure out how to Put resources into Lab Precious stones: A Novice's Aide- 10 Hints and Deceives to Expand Cell Phone Information Use: Capitalize on Your Information
- Father and son spending Christmas together after health scares
- Astounding Treehouses All over the Planet
- Figure out How to Consolidate Cutting edge innovations in Senior's SUVs
- BravoCon 2025: How to watch, full schedule and lineup, where to stream free and more
- China’s new condom tax will prove no effective barrier to country’s declining fertility rate
- Did we start the fire? A 400,000-year-old hearth sparks new questions about human evolution
- Vote In favor of Your Favored Kind Of Cheddar
