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<Commodity>German Govt Plans to Limit Gas Station Price Hikes to Once Daily; German Drivers Flock to Poland for Cheaper Fuel
The German government is set to introduce regulations limiting gas stations to increase prices only once daily at noon, according to Deutsche Presse Agentur (DPA). The government w...
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<Commodity>German Govt Plans to Limit Gas Station Price Hikes to Once Daily; German Drivers Flock to Poland for Cheaper Fuel
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The German government is set to introduce regulations limiting gas stations to increase prices only once daily at noon, according to Deutsche Presse Agentur (DPA). The government will also strengthen the enforcement of competition law in the fuel sector, simplifying related regulations of antitrust agencies in case of signs of improper price hikes.

The new regulations are expected to take effect by the first week of April. Austria has previously implemented measures to limit gas station price increases.

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Furthermore, Agence France-Presse (AFP) reported that German drivers are crossing the border to Poland to purchase gasoline.

As of last Wednesday (11th), the price per liter of Super E10 gasoline was EUR2.01, and diesel price was EUR2.13, representing increases of approx. 15% and 24% from last month respectively, according to the Allgemeiner Deutscher Automobil-Club e.V. (ADAC).

Polish gas stations set the diesel price at an equivalent of EUR1.81 per liter, benefiting from Poland's lower VAT and fuel tax rates, the report added.

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