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Gasoline and diesel up more than 2% and record historical record

The average fuel price in Spain rose this week more than 2% And has climbed to new all-time highs, though…

By admin , in news , at May 12, 2022

The average fuel price in Spain rose this week more than 2% And has climbed to new all-time highs, though it remains contained by implementing a government-approved mandatory discount of 20 cents a liter at gas stations when making payments.

Notably, the average price of one liter of diesel and gasoline has increased third consecutive weekAfter Easter, to consolidate its uptrend.

According to data from the Oil Bulletin of the European Union (EU), 1,911 euros per liter of diesel represents a new historical maximum, 1,872 euros From a week ago, when it increased by 2.08%.

For petrol, the average price per liter has also increased third week Consistently, with an increase of 2.08%, stood at 1.878 euro and thus reached a new record.

However, this Average price They don’t collect a bonus of at least 20 cents a liter approved by the Spanish government and implemented since April 1.

top discount

with the application of bonusThe average price will be 1,678 euros per liter for gasoline and 1,711 euros for diesel, although these figures are not entirely accurate, as there are high discounts depending on the oil company.

What consolidates another week is the ‘Sorpaso’ diesel To petrolWith a difference of more than three cents, something that hadn’t happened since 2011.

The average price of a liter of petrol has increased by 39.73% compared to a year ago, while in case of diesel it is 59.38% more expensive, though irrespective of bonus Currently applicable.

oil rise

These prices have been recorded in an environment of rising crude oil due to fears of supply shortfall following the European Commission’s proposal to impose sanctions on Russian oil imports this year. this type of barrel BrentIn reference to Europe, this Thursday was trading at around $105, while the American Texas was exchanged at over $103.

The cost of fuel depends on several factors, such as its price particular (independent of oil), crude oil development, taxes, raw material costs and logistics, and gross margin.

In this way, the developments in the price of crude oil are not transferred directly to the prices of petrolBut it does so with time offsets.

Despite these levels, 95% of unleaded gasoline costs below average in Spain. The European Union, located at 1,903 euros per litre, and from the euro area, with an average price of 1,978 euros. Something similar happens with diesel, as the price in the European Union is 1,905 euros (in Spain it is higher, with 1,911 euros, but without taking into account the bonus) and 1,953 euros in the euro zone.

The lower level of final prices in relation to neighboring countries is due to the fact that Spain, despite EvaDue to higher taxes and levies on biodiesel, compared to the community average, financial pressure in general continues.

Gasoline and diesel up more than 2% and record historical record

2022-05-12 09:05:47