Overview of Valencia financing for fuel retailers
Valencia’s financial authorities approved a new subsidized lending line through the Valencian Institute of Finance (IVF) to support fuel service stations in the Community of Valencia. The program provides up to one million euros in advance payments to enable a 20 cent discount on fuels, ensuring retailers can cover price increases while awaiting reimbursement from the Tax Office. The goal is to shield the treasury of these businesses from cash-flow strain and maintain stable pricing for consumers.
Under this measure, self employed individuals and small and medium sized enterprises operating in the fuel sector can receive advances ranging from twenty thousand to one million euros. The loans are offered at zero percent interest and are provided free of charge to cover the discount. The Ministry of Finance has committed six point eight million euros to the IVF to cover financing costs and interest for the approved operations.
The total budget allocated to this line for service stations stands at fifty million euros. The maximum advance for each station will be calculated using the station’s average monthly consumption data from 2021. This approach ensures support is proportionate to scale and need while supporting price relief for customers across the region.
The interest rate on these transactions is set at zero percent for the first eighteen months. After this initial period, stations that wish to continue the loan will face an interest rate of Euribor plus one and a half percent, for a maximum term of four additional years.
The overarching ambition is to enable eight hundred service stations already operating in the Community to access this aid. Eligible stations can receive direct assistance from the Generalitat, ensuring the program delivers tangible relief without additional strain on public finances. The Minister of Finance reiterated that the line will be activated in the coming days and brought into service promptly.
Gasoline and diesel prices and the effect of discounts
Recent price movements for gasoline and diesel have reached record levels, underscoring the importance of discount schemes and targeted relief for drivers. The financing line is designed to bolster liquidity at the pump, helping retailers absorb costs and maintain price stability for customers while awaiting reimbursement from tax authorities.
new headquarters
The General Council of the Valencian Institute of Finance, chaired by the minister, met for the first time at the organization’s new headquarters. The building is located in the Palau dels Boïl d’Arenós on Calle Libreros in Valencia. During the session, council members toured the new facilities, and the IVF general manager provided an update on activities and staff commuting via public transport. The move marks a new chapter for the institution, aimed at improving operations and accessibility.
During today’s meeting, the IVF Director also presented the IVF Plan for 2022-2026, which emphasizes effective equality between men and women. This plan has become a core working tool for the institution and guides the integration of gender equality across policies and processes. The program envisions enacting gender parity in various levels of activity and governance within the organization, reinforcing a commitment to inclusive growth and opportunity for all staff and stakeholders.