Fuel prices in Spain shoot up once again
Petrol and diesel across Spain has increased by more than 2% in the last week
August is the traditional vacation month for families throughout Spain and with demand at its highest, fuel prices have shot up once more, bringing costs more in line with last April.
In the past week alone, petrol has increased by 2.17% and diesel has become 2.53% more expensive, the fourth consecutive fuel price rise in this country.
According to the European Union (EU) Oil Bulletin, which collected data from more than 11,400 service stations in Spain between July 25 and 31, the average price of unleaded stood at just over 1.65 euros per litre, while diesel cost around 1.50 euros.
Despite this most unwelcome pinch for motorists, petrol is still 3% cheaper than this time last year when the Spanish government’s 20 cent per litre discount was in play, while diesel costs a considerable 11.3% less today.
However, while the year got off to a good start and both fuels consistently dropped in price, the trend is definitely swinging back upwards. If we consider the data from a month ago, petrol is now 3.7% more expensive, and diesel, 4.5%.
At the current prices, filling an average 55-litre tank with petrol will set motorists back 90.75 euros while refuelling with diesel will cost 82.61 euros.
While the price of fuel is still a far cry from the lofty heights reached last June, when they were between 15% and 21% more expensive, the experts warn that the price of oil "is poised to rise."
Nevertheless, at the end of July, petrol and diesel in Spain were still below the EU average, which sits at 1.789 euros per litre of petrol and 1.642 in the case of diesel.
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