Petrol prices continue to rise and are now the most expensive of the year
The price of fuel in Spain is currently the most expensive it has been all year, following the fifth consecutive week of an increase in prices. According to the EU Oil Bulletin published on Thursday, a litre of petrol is an average of 1.68 euros in Spain after going up by 1.8% in the last week. This comes just as motorists are preparing to hit the road to escape for the August 15th national bank holiday on Tuesday.
Current prices are the most expensive so far this year, and the last time prices were this high was in the last few weeks of 2022. Filling an average 55-litre tank will now cost around 92.40 euros, which is still cheaper than the same period last year due to the Ukranian conflict, which broke out in February 2022.
In the same week last year, a litre of fuel averaged 1.90 euros which, after applying the 20 cent discount provided by the government (which is no longer in force), meant that drivers ended up paying 1.70 euros, still higher than the current prices.
It is the same situation for diesel, which closed the week at an average of 1.55 euros per litre. Filling the tank would cost about 85.25 euros, also below last year's prices, when the average cost stood at 1.89 (1.69 after applying the 20 cents bonus).
Diesel has now been cheaper than petrol for 25 consecutive weeks. The price of 95 unleaded petrol in Spain remains below the average for the EU, at 1.801 euros per litre, and for the Eurozone, with an average price of 1.861 euros. In the case of diesel, the price in Spain is also below the EU average, which is 1.689 euros, and in the Eurozone, where the price is 1.725 euros.
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