Price increase fuels Don’t Stop. Fuel prices continue to rise on Spanish roads, with millions of extra trips made during the summer holidays, adding to drivers’ pockets after seven consecutive weeks of increases at the peak of the summer season, according to European price records. Commission.
The price of gasoline rose to 10 exceeds an average of 1.70 euros per liter For the first time in a year, after a new 1% increase last week, according to the latest data from the European Union Petroleum Bulletin. An expensive price for gasoline had not been recorded at gas stations in Spain since the beginning of August last year, but the mandatory 20 cents per liter reduction, approved by the Government at that time, was still in effect.
The price of diesel, which is the most used automotive fuel in the Spanish market, continues to rise and reached the following level last week: Average EUR 1.60 per liter (0.9% more)stands at levels similar to those of six months ago. Diesel prices have been consistently lower than gasoline prices since mid-February, when the exceptional reverse scenario that began in August 2022 broke down.
standing all summer
Gasoline and diesel marked successive price increases During the summer, long-distance journeys by private drivers to and from resorts are increasing rapidly.
The last drop in cost was recorded at the end of June, and some fuel has accumulated since then. 7.34% increase (1.58 euros, 12 cents more per liter) and diesel of anything more than 11.3% (17 cents more than 1.43 euros per liter) is under pressure from the rise in international oil prices due to production cuts accepted by OPEC and other external partners, mainly Russia.
At current prices, filling an average 55-liter petrol tank costs around 94 euros; this figure corresponds to 87.3 euros a year ago (approximately 6.7 euros more). discount of 20 cents per liter in effect. The average cost of filling a 55-liter diesel tank is currently around 88 euros, just 30 cents less than the 88.3 euros in the same period in 2022.
Strong increase since the beginning of the year
There has been a significant increase in fuel prices since the beginning of the year. A 23.6% increase in gasoline (32 cents more per liter than 1.38 euros) and Diesel is up almost 10% so far this year (about 15 cents more than 1.45 euros).
Fuel sales at Spanish gas stations have been marked since the beginning of the year until the end of January at the Government-set 20 cents per liter discount. stop the voltage completely energy crisis and then withdrawal or reduction of additional discounts (usually more than 10 cents per liter) that the big oil companies implement in their network of service stations.
After steady rises, the prices of both fuels are consolidating well above the levels they had risen before the start of the Russian invasion of Ukraine, which began on February 24, 2022, of 1,479 euros per liter for diesel. liter of gasoline was sold for 1,594 euros. But both petrol and diesel are still a long way from their historic peaks more than a year ago, when petrol reached 2,141 euros per liter and diesel reached 2.1 euros in July.