this average fuel price It continued this week with its declines in Spain, making it almost 3% cheaper and already placing petrol and diesel below the prices before the 20-cent bonus. Per liter approved by the Government as of April 1.
Special, The average liter price of gasoline this week was 1,730 euros.It chained its second week of decline, down 1,927% from last week, according to data collected by Europa Press from the European Union Petroleum Bulletin.
on his behalf The average diesel price fell to 1,821 euros per liter.It has entered its fourth week full of drops, down 2.93% compared to last week.
Moreover, The gap between the two fuels continues to narrow And in this case, 16 weeks in a row, it’s just over nine cents in favor of diesel versus petrol.
With these price levels following recent declines, both fuels are far from their summer highs reached this summer, with gasoline reaching 2,141 euros and diesel 2.1 euros in July.
Same wayGasoline was below the figures before the aid, which was 20 cents per liter, came into effect. It fell below -1,818 euros per liter approved by the Government at the end of March, and -1,837 euros for diesel for the first time.
This average amount of both fuels includes taxeshowever, it does not reflect the discount of at least 20 cents per liter effective since April 1, as there are higher discounts due to promotions for the oil company and loyal customers.
Based on this subsidy, one liter of petrol will cost 1,530 euros and diesel will cost 1,621 euros, clearly lower than the prices he had pointed out at the end of March before the aid came into effect. .
The government is reconsidering whether to continue this bonus Given its high cost and inability to progress, it has focused on some sectors and not universally or eliminated.
14.6% and 32.2% more expensive than a year ago
Whatever the subsidy, The price of one liter of gasoline is 14.6% more expensive than a year agoin the case of diesel the price is 32.34% higher.
However, with the 20 cents per liter bonus applied, the average price of a liter of petrol is only 1.39% higher, while for diesel it’s almost 18% higher than a year ago.
These figures are recorded amid high crude oil prices in the current context marked by the war in Ukraine. Thus, the benchmark Brent in Europe this Thursday was trading around $87.2 a barrel, while American Texas was trading around $80.8.
The price of fuels depends on many factors, such as the specific price (regardless of oil), the evolution of crude oil, taxes, cost of raw materials and logistics, and gross margins. In addition, the change in crude oil price is reflected not directly on fuel prices, but with a delay.
EU levels
With these levels, the price of unleaded gasoline, which is 95 and does not take into account the subsidy, is above the European Union average of 1,713 euros per liter in Spain, but below the eurozone with an average of 1,763 euros. euro.
For diesel, the price in Spain is above the EU average of 1,808 euros and is similar to the eurozone at 1,828 euros.