Petrol and diesel fell again over the past week to record average prices of 1,754 and 1,733 euros per liter – applying the government’s 20 cent rebate – their lowest levels of the last two months at the gates of the operation starting from August.
In addition, according to data published this Thursday by the Petroleum Bulletin of the European Union (EU), which includes the average price recorded at more than 11,400 Spanish service stations between July 19 and 25, the price of the two fuels falls below the barrier of 2 euros per liter even if the public premium was not applied.
With these values, the cost of gasoline has decreased by 3.9% in the last seven days, while diesel is 2.2% cheaper than a week ago.
Thus, gasoline marked in the last seven days its lowest price since the penultimate week of May, when it was paid at 1.74 euros per liter, while diesel did not cost so cheap since early June, when it stood at 1.716 euro.
Both fuels are also below prices recorded at the end of March, when the government introduced the 20 cents per liter premium for all consumers.
Moreover, if we exclude the mandatory discount introduced by the government, gasoline would drop below the 2 euro per liter mark for the first time in two months, with an average price of 1,954 euros; while diesel falls below this barrier for the second consecutive week, settling at 1,933 euros.
Behind the high levels that gasoline and diesel have continued to record since the beginning of the year is mainly the rise in oil prices, a trend that has been reversed in recent weeks and is beginning to gradually affect the final price of fuels.
To cushion the impact of rising petrol and diesel prices on citizens, the government has extended until the end of the year the premium of 20 cents per liter of fuel for all consumers.
Between 19 and 21 euros more expensive than in January
The escalation of the two fuels has pushed the price of gasoline up almost 19% since the start of the year, up from 29% when diesel became more expensive.
At current prices, filling an average 55 liter tank with petrol is slightly over 96 euros, while with diesel it is 95 euros, which means paying around 19 euros more than at beginning of 2022 if petrol is used, and 21 euros if diesel is chosen.
However, thanks to the government bonus, consumers save around 11 euros when filling such a tank, whether they use petrol or choose diesel.
Despite the historically high values, the price of both fuels in Spain – once the discount has been applied – remains below the European average, which, according to EU statistics, amounts to 1,879 euros per liter for petrol. and 1,902 euros for diesel.