New German regulation: Gas stations are only allowed to raise prices once a day

Golden Ten Data reported on April 1 that Germany officially implemented a new regulation on oil price controls starting April 1. The rule requires gas stations to raise fuel prices only once per day in order to address oil price fluctuations caused by Middle East conflicts and enhance market transparency. The new regulation, published in Germany's Federal Law Gazette on March 31, stipulates that gas stations may only increase fuel prices once during the midday each day, while there are no time restrictions on price reductions. Violations may result in fines of up to 100,000 euros (approximately 797,000 yuan). This regulation is modeled after a similar policy in Austria. The All-German Automobile Club and gas station operators have expressed doubts about the actual effectiveness of the new regulation.