The price of fuel drops for the fourth week and diesel goes below two euros / liter


The average price of fuel fell for the fourth consecutive week and, in the case of diesel, it fell below two euros per liter for the first time since the beginning of June.

Specifically, the average price of a liter of gasoline this week stood at 2,026 euros, after registering a drop of 2.22% compared to seven days ago, according to data from the Petroleum Bulletin of the European Union collected by Europa Press. In this way, it has already accumulated four consecutive weeks of declines.

In the case of diesel, the average price per liter was established this week at 1,971 euros, after having recorded a drop of 2.52%, chaining its third fall.

This average amount includes taxes, but does not reflect the rebate in effect since April 1 of at least 20 cents per liter, since there are higher rebates, depending on the oil company and promotions for customers. faithful.

Counting on this subsidy, the price of a liter of gasoline would be 1,826 euros, close to the same price as the last week of March (1,818 euros), before the discount started to apply, whereas the case diesel with the last registered decreases, its amount is now 1,771 euros, significantly lower than the price it posted on these dates (1,837 euros per litre).

Compared to the same week a year ago, the average price per liter of gasoline has become 44.7% more expensive, while in the case of diesel it is 56.2% more expensive, but without taking into account the bonus currently in effect.


Since the Russian invasion of Ukraine at the end of February, the prices of the two fuels have climbed between 27% and almost 33%. For gasoline, the percentage increase is 27.3% and for diesel 33.2%.

These figures are recorded in an environment of high crude oil prices in the current context, marked by the war in Ukraine. Thus, despite the relaxation of its prices last week, this Thursday the barrel of Brent, a benchmark in Europe, was once again trading above 100 dollars (104.03 dollars), while the American Texas was trading at $96.72.

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 this way, the evolution of the price of crude oil is not transferred directly to gasoline prices, but rather with a time lag.


With these levels, the price of 95% unleaded gasoline remains in Spain above the average for the European Union, located at 1,929 euros per litre, as well as for the Eurozone, with an average price of €1,979.

In the case of diesel, the price in Spain is also higher than the EU average, which is 1,936 euros, although this is not the case for the euro zone, with a price of 1,977 euros.



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