German diesel hits new records over Easter weekend

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.