Gasoline’s price marks its annual minimum and is already costing less than a discount

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price gasoline fell 2.6% last week, According to the European Union’s (EU) Petroleum Bulletin, the price of diesel fell 4.2% to its lowest level since the beginning of 2023 and is already cheaper than the 20 cents discount applied to fuels.

According to data released this Thursday, collected from more than 11,400 gas stations in Spain between 2 May and 8 May.Gasoline costs 1,599 euros per liter, and 1,433 euros per liter of diesel.

Gasoline thus chained its third consecutive decline and stands at last January 2 levelsWhile it was the last week the discount was in effect, diesel hasn’t reached such a low since the same month of 2022, almost a year and a half ago, after an eight-week decline.

Compared to the previous year, when the discount was valid, gasoline was 2.5 percent cheaper and diesel was 2.5 percent cheaper. 16.25% less; Compared to the beginning of 2023, gasoline gained 15.6% more and diesel 1.9% less.

Regarding last month, Gasoline prices fell by 2.5 percent and diesel prices fell by 5.9 percent.

At current prices,Filling a 55-liter tank with petrol costs 87.95 euros, and filling it with diesel costs 78.82 euros. this means a reduction of more than 4 euros in the first fuel and more than 15 euros in the second compared to a year ago.

Currently, fuel prices in Spain are far from the all-time high they reached in June last year. because gasoline is now 17% cheaper than back then, and diesel is 23.6% cheaper.

Fuel prices in Spain continued to be below the EU average last week. Gasoline costs an average of 1,708 euros per liter, and 1,549 euros per liter of diesel.

In the case of the eurozone, An average of 1,761 euros per liter in gasoline, 1.577 Euros per liter.

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