this average petrol price in spain continued its climb this week and new all-time highrising to 1,968 euros per liter after one registration 1.44% increase Compared to seven days ago, according to European Union Petroleum Bulletin data collected by the EP.
This is the average amount includes taxesbut it does not reflect the discount At least 20 cents per liter, effective from last April 1, because there are higher discounts depending on the oil company.
Relying on this subsidy, the price of a liter of gasoline would be barely five cents cheaper than the last week of March before the discount began, after chaining its sixth consecutive increase since Easter. the rise in prices for this fuel since then has already absorbed 75% of the aid..
In the case of dieselaverage price per liter, unlike gasoline, got cheaper this week, fell 0.8% to 1,852 euros for the third week in a row. Thus, despite this high price level of diesel, this fuel has made a more positive development than gasoline since the beginning of March. Thus, when a discount of 20 cents per liter is applied, the amount will be 18.5 cents less than the end of March.
Compared to a year ago, the average price of one liter of gasoline increased by 48.4%, while diesel is 56.5% more expensive, even if the current discount is not taken into account.
oil rise
These prices are recorded in a ledger. environment of sustained increase in crude oil In the current context, the occupation of Ukraine by Russia was marked. Thus, the Brent barrel, a benchmark in Europe, traded above $113 this Thursday, while the American Texas traded just over $112.5.
The price of fuel depends on many factors, such as its specific price (independent of oil), the evolution of crude oil, taxes, cost of raw materials and logistics, and gross margins. Like this, evolution in crude oil price is not directly transferred to gasoline pricesbut it does so with a time difference.
lower than EU average
With these levels, the price of unleaded gasoline is 95 in Spain Below the European Union averageat 2.01 euros per litre, and in the euro area, at an average price of 2.073 euros.
As far as diesel is concerned, after a few weeks above, the price in Spain is once again below the EU average of 1,856 euros, although below the eurozone at a price of 1,894 euros.
The reason why final prices are lower compared to surrounding countries is because Spain is despite VAT, high taxes and charges on biodiesel. overall lower than average tax burden society.