MUNICH, March 22 — The price of diesel in Germany has risen by more than €0.12 in the space of two days amid the conflict in West Asia, according to data from the ADAC motoring association, reported German Press Agency (dpa).
On Friday, the nationwide daily average price for a litre of diesel stood at €2.291 (US$2.655), according to ADAC data.
That is just €0.03 (US$0.035) less than the all-time high recorded four years ago, after the outbreak of the conflict in Ukraine.
The price of E10 premium petrol also continued to rise, with a litre costing €2.086 (US$2.412) on Friday, up €0.042 (US$0.048) compared to on Wednesday.
On Friday, a litre of diesel was €0.545 (US$0.630) more expensive than on the day before the United States (US) and Israel launched the strikes against Iran, and a litre of petrol was €0.308 (US$0.356) more expensive.
The increase has been driven by higher crude oil prices linked to the conflict, though there has also been criticism of oil companies for raising prices disproportionately relative to oil costs.
The first prices on Saturday pointed to a slight further rise in diesel and relatively stable prices for E10.
However, recent volatility makes short-term forecasts highly uncertain.
