Fuel prices hit their lowest since February mid-long weekend

Chance wanted drivers to be able to take advantage of the festive macro bridge. lowest fuel prices since last February. The gradual decline since the summer has served to reach the current lowest level where gasoline 95 is 1,686 euros per liter and diesel is 1,758 euros. These amounts are still higher than they were before the start of the war in Ukraine, although they are below the Government’s 20 cents bonus. The gas stations are asking the Government to clarify whether it intends to continue this reduction as of December 31, precisely as the cap that Western powers have just set on Russian oil threatens to pull prices back.

The coronavirus pandemic led to a minimum of €1,091 for gasoline and €0.987 for diesel, in May 2020, at the worst time of the health crisis and empty due to the roads being closed. From then on, prices started to rise gradually, albeit with small fluctuations. It made a big splash after the Russian invasion of Ukraine., because the rate of increase is multiplied by three. On February 24, when the war broke out, the price of gasoline 95 was 1.61 euros and the price of diesel was 1.494. Well then, the momentum recorded from that moment In June, the maximum level of the whole period will be reached with 2,120 units for gasoline and 2,134 units for diesel..

However, the situation started to loosen up at that moment and also coincided with the normalization in oil production volume after the pandemic. Prices have started a slow decline that continues until today, when they hit their lowest levels since February. And that coincided with Constitution’s festive bridges and Immaculate Conception, so drivers didn’t have to dig deep into their pockets to make their holiday trips. It is true that pre-battle levels have not been lowered yet, but Filling a 50-liter petrol tank currently costs 67.44 eurosBy applying a bonus of 20 cents from the Government when it represents a payment of 84.8 in June.

And this is where the unknown lies right now. Inside finally to know if this discount will continue to apply as of December 31st., when the current extension will expire and whether it will be done on the same terms. The gas station sector is asking the Executive to clarify, among other things, what it wants to do so that the problems experienced in April, when the measure began, are not repeated. José Luis Tort, president of the Mediterranean Federation of Gas Station Entrepreneurs (Fedmes), recalls that at that time they were not consulted on how to implement it and they had only 40 hours left to implement the changes, which “caused chaos”. even forced some gas stations to temporarily close”. It would be the most appropriate tax deduction instead of bonus for the industrybut the most urgent thing is to know the intention of the Government to act accordingly.

And the current scenario taking shape internationally in the oil market threatens to raise fuel prices again. The $60 cap imposed by a broad coalition of Western nations on Russia’s seaborne crude oil could have consequences at this unforeseen time, even as Moscow threatens to cut off supplies to Europe.

Source: Informacion

Popular

More from author

Greek Parliament did not support the vote of confidence in the current government 01:50

The Greek Parliament rejected the vote of confidence in the government headed by Kyriakos Mitsotakis. writes about this RIA News. The Greek opposition accused...

The share of financially unstable households increased in Russia 03/28/2024, 19:14

Since mid-2023, the share of Russians in a financially unstable situation has increased from 56.4% to 62.4%. writes about this RBC Referring...

The US administration allocated $60 million for initial expenses related to the bridge collapse 01:11

The United States Administration allocated $60 million to the State of Maryland for initial costs associated with the reconstruction of the Baltimore Bridge. ...