The Christmas season is here and with it comes a gift for drivers. And this Fuel will close the year with the lowest prices since last summer, on a weekend when road trips will be busy, coinciding with New Year’s celebrations. Of course, if global fuel prices are taken into account, because while the price of gasoline reaches the annual minimum level, we have to go back to May for diesel. But the industry warns This downward trend may reverse in the coming weeks due to mounting tensions in the Middle East..
The outbreak of war in Ukraine and the sanctions imposed by the European Union on Russia, the ban on the import of oil and its derivatives, An unprecedented increase in fuel prices reaching a peak in June 2022Petrol recorded a maximum of 2,120 euros per 95 litres, while diesel recorded 2,039 euros. The same is not currently happening with the war in Gaza, as the price has remained on the downside despite supply cuts announced by OPEC, charting a downward trend for four consecutive months. .
Thus, the price of diesel, which had an annual maximum value of 1,673 euros in the province of Alicante in September, now reaches 1,499 euros, meaning that filling an average 55-litre tank costs almost 10 euros less. The price of gasoline 95 was determined as 1,760 euros in September, compared to 1,542 euros today.So filling the tank is 12 euros cheaper. This type of fuel is at its lowest annually, unlike diesel fuel, whose price was 1,412 euros in May.
The development of prices was highly appreciated by Emilio Córcoles, provincial president of the Federation of Mediterranean Service Stations (Fedmes), who emphasized: “Contrary to popular belief, we We do not care if prices are high because it reduces individuals’ use of vehicles.».
The organization itself emphasizes that the industry requires a large sales volume to be profitable, and that high prices are detrimental given that margins per liter are very narrow. In this sense, they express their opinions. The decline in prices will support road travel and even more on such dates in the middle of the Christmas cycle..
The industry is also pleased that this year has been quieter compared to previous years.He added to this after facing a covid lockdown with all petrol stations open and without customers, and having to pay out of pocket for the Government-approved 20 cents per liter rebate on fuel.
Finally, Fedmes underlines that the evolution of the world economy and what happened with the OPEC cuts will point to the evolution of prices; However, according to Córcoles, it is feared that tensions due to the Gaza war could reverse the current downward trend.