15 June 2012 18:50 [Source: ICIS news]
The legislation needed to include provisions to ensure that oil firms and retailers not only report diesel and gasoline prices to the watchdog regularly, but that those prices, after being published the next day on the Internet, cannot be changed for 24 hours, the Bundesrat said.
However, German refiners’ industry trade group said the Bundesrat was “selling voters false promises”.
Politicians were creating the impression that
“Those who create the impression that government price control systems can stop the upward price trends [on oil markets] are not telling citizens the truth,” Picard said.
Rather, politicians should admit that rising global oil prices are the cause for increased gasoline and diesel prices in
If the government insists on implementing price controls but prices continue to rise, drivers would be angry with both politicians and the oil industry, Picard said.
“To be frank, such a sharing of the blame for high pump prices would help oil firms, but I doubt if politicians really want to be held accountable for rising gasoline prices,” he added.
The government proposed the legislation last month amid complaints from drivers about rising prices and unpredictable pricing policies on
Under the legislation, the operators of
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