Petrol prices in Spain are skyrocketing

(MENAFN) Fuel costs in Spain have risen dramatically this week, undermining government efforts to compensate drivers, according to La Vanguarda daily on Thursday.

Super unleaded petrol with an octane rating of 95 (Eurosuper 95) is now climbing to €1.968 per liter on average in Spain, which represents a weekly increase of 1.44%, according to the publication, which cites figures from this week of the European Union Petroleum Bulletin. A liter of petrol is 48% more expensive year over year, while diesel fuel is 56% more expensive.

Meanwhile, the average cost of 95-octane unleaded petrol in Europe rose to €2.09 per liter on Thursday June 2, according to Fuelo, Europe’s largest online petrol station map. ‘Europe.

The Spanish government introduced a 20 cent per liter subsidy in April to compensate drivers for rising fuel costs, but according to La Vanguarda the price hike wiped out around three-quarters of the rebate on the essence.

According to La Vanguarda, the price of 95 octane unleaded petrol in Spain remains cheaper than the eurozone average, due to a reduced tax burden on motor fuels in Spain compared to most. of European countries.


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