ARCHIVED - Fuel prices in Spain drop for the fourth consecutive week
Petrol prices have fallen by 2.22% in Spain in the last seven days
The average cost of fuel across Spain has fallen for the fourth consecutive week and diesel has dropped below two euros per litre for the first time since the beginning of June.
On Friday July 22, the average price of a litre of petrol stands at 2.016 euros after registering a 2.22% decrease compared to seven days ago, according to data from the European Union Oil Bulletin.
A litre of diesel will cost you 1.971 euros, dropping 2.25%, its third fall.
Moreover, these averages don’t take into account the government’s 20 cent per litre fuel discount, which came into effect on April 1. When this subsidy is included the savings are even more apparent: the price of a litre of petrol today is 1.826 euros, close to what was charged at filling stations in the last week of March, before the fuel bonus came into play.
In the case of diesel, a litre is priced at 1.171 euros, significantly cheaper than the 1.837 that was being charged back in March.
However, compared to the same week a year ago, the average price of a litre of petrol has become 44.7% more expensive, while diesel has jumped up by 56.2%.
Since the Russian invasion of Ukraine at the end of February, the prices of both fuels have shot up between 27% and almost 33%.
Inflation in Spain overall has now well exceeded the EU average, coming in at around 10% last month; interestingly though, fuel price increases in Spain are by no means the highest in Europe, and are far exceeded by France.
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