The price of diesel falls again by 1.36% and recovers levels of a year ago


He gasoline price in Spain has fallen slightly compared to the previous week, with the average price per liter standing at 1,632 euros, with a drop of 0.24%. He dieselfor its part, chains a four-week consecutive drop (-1.36%), which places the price at 1,589 euros per literyour level lowest since the first week of March 2022according to data from the European Union Oil Bulletin collected by Europa Press.

Thus, the average price of the diesel in Spain is maintained for the third week consecutive by under the gasolineas was customary before the Russian invasion of Ukraine, which caused the price of diesel to remain above that of gasoline continuously from August 2022 until mid-February of this year, when that dynamic was broken.

A reduction of 4.33% with the end of the discount of 20 cents

Since the beginning of the year without the discount of 20 cents of last year applied by the Government, the Gasoline accumulates a rise of 3%in front of 4.33% that diesel has dropped. The greatest decrease in the price of diesel compared to gasoline occurs after registering a greater collection of reserves of this fuel due to fears of a greater shortage in Europe due to the I veto Russian diesel.

In addition, the main oil companies that operate in Spain have opted to maintain their discounts of 10 cents -which may be higher depending on the degree of loyalty- to its customers during the first quarter of the year. With these price levels, both fuels remain far from the highs they played last summer, when in July gasoline reached 2.141 euros and diesel 2.1 euros.

Likewise, gasoline and diesel continue for another week under of the amount they marked (1.818 euros in the case of the first and 1.837 euros for the second) before the entry into force of the aid of 20 cents per liter that the Government approved at the end of March of last year and that, since the beginning of 2023, has only been maintained for the group of professionals, which includes carriers, farmers, shipping companies and fishermen.

Fill the tank, between 1 and 5 euros more expensive

According to the same week a year ago (the one that began on February 28, 2022), the price of a liter of gasoline is 1.42% more expensiveand the one of Diesel 6.14% higher, so that filling an average 50-liter tank costs about one euro more if it is gasoline and almost 5 euros more in the case of diesel. In this context, this Thursday the barrel of Brent, a reference in Europe, was trading at around 84.7 dollars, while the American Texas is trading at around 78.2 dollars.

The price of fuel depends on multiple factors, such as its specific price (independent of that of oil), the evolution of crude oil, taxes, the cost of raw materials and logistics, and gross margins. In addition, the evolution in the price of crude oil is not transferred directly to fuel prices, but rather with a time lag.

Cheaper in Spain than in the rest of the European environment

With these levels, the price of 95 unleaded gasoline remains in Spain for below the European Union averagelocated at 1.723 euros per liter, and eurozone, with an average price of 1,772 euros. In the case of diesel, the price in Spain is also lower than the EU average, which is 1,693 euros, and the euro zone, where it marks a price of 1,718 euros.

Leave A Reply

Your email address will not be published.