Low gasoline in the middle of the debate on the aid of 20 cents for fuel
On the same day that the European energy ministers meet in Brussels to establish a fixed cap on gas, the price of gasoline has fallen by 1.26% in the last weekbreaking with two consecutive rises, while the one of the Diesel has fallen by 3.62%with which it has already chained four weeks down, according to data from the European Union (EU) Oil Bulletin released this Thursday.
Once applied the discount of 20 cents from the Government, valid until the end of the year, a liter of gasoline costs on average 1,564 euros at Spanish gas stations and diesel 1,676 euros. This bonus on the price of fuel has been applied since April and at this time the Government is considering if you extend it only for certain groups. Without this discount, filling a 55-liter fuel tank would cost 11 euros more.
At the time the discount began to be applied in April, after the sharp rise that followed the Russian invasion of Ukraine, the average price of gasoline was 1.813 euros and that of automotive diesel was 1.847 euros. Currently, and based on last week’s prices, without the discount, a liter of gasoline would cost 1,764 euros and diesel 1,876 euroswith which the latter is now somewhat more expensive than when the discount began to be applied.
The price of gasoline, which marked its lowest so far this year, discount included, in the week of October 3 (1.476 euros per liter), is now at the levels of the week of October 24; while that of diesel is close to that of the week of May 2, before it reached its all-time high at the end of June.
Despite the bonus that has been applied since April, the gasoline is now 3.37% more expensive than a year ago, when the Russian invasion of Ukraine had not yet begun, and diesel costs 21.45% more. In addition, the price of gasoline is now 5.75% higher than it was when 2022 began and the 20 cent discount was not applied, and the Diesel is 24.42% more expensive.
The price of gasoline is practically the same as it was a month ago (only 0.06% higher), when the discount was also applied; while the liter of diesel has become cheaper by 5.47%. Both fuels are below the all-time highs they reached in June this year, and gasoline costs 19.42% less and the price of diesel is 11.79% lower.
With current prices (discount included), fill an average tank of 55 liters with gasoline costs 86.02 euros and to do it with diesel 92.18 euros. Without the discount and adding those 11 euros that it supposes in 55 liters, 97.02 euros and 103.18 euros would be paid, respectively. Despite the discount that is applied, currently filling that 55-liter tank with gasoline costs 2.8 euros more than a year ago and doing it with diesel costs 16.28 euros more.
In this last week, without the discount that has been applied since April, in Spain, despite the fact that fuel prices have fallen, are above the average of the 27 EU countries. According to statistics, the price of gasoline was 1,729 euros on average in the EU, compared to 1,764 euros in Spain, and diesel stood at 1,851 euros, compared to 1,876 euros in Spain.
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