The price of fuel continues to rise and becomes more expensive by up to 5%

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The average fuel price in Spain has picked up again this week, after the last one cut the downward spiral of the last month, and it has become more expensive up to 5%making the diesel looks up to the height of the 2 euros a liter. Specifically, the average price per liter of gasoline has risen this week by 2.63%, to place itself in the 1,756 eurosits highest level since early September.

With these levels, however, the price of gasoline remains in Spain below the European Union average, located at 1,831 euros per liter, and from the eurozone, with an average price of 1,884 euros. The same happens in the case of diesel, which is 1,970 euros in the EU and 2,008 euros in the euro zone.

With this spike, the diesel, scale up to 1,949 euros per liter, its highest price since mid-July. Despite this rise, both fuels remain far from the highs they reached this summer, when in July gasoline reached 2,141 euros and diesel 2.1 euros. Likewise, gasoline remains below the levels of before the entry into force of the aid of 20 cents per liter approved by the Government.

20 cent discount on fuel

This week, the First Vice President of the Government and Minister of Economic Affairs and for Digital Transformation, Nadia Calvinoopened the door for the fuel bonus, valid until December 31 of this year for the entire population, limited for certain sectors and groups affected if it is decided to extend it for a longer period.

These figures are recorded in an environment of high crude oil prices in the current context, marked by the war in Ukraine. A) Yes, This Thursday the barrel of Brent, a reference in Europe, was trading above 93 dollars, while the American Texas was exchanged at around 86 dollars. The price of fuel depends on multiple factors, such as its specific price (independent 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.

Source: lainformacion.com

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