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ARCHIVED - Petrol prices in Spain drop for first time this year
Fuel prices in Spain have still fallen considerably less than in the rest of Europe
The cost of petrol and diesel fell on Monday March 21 for the first time since the last week in December after registering staggering increases for eight consecutive weeks, and breaking all records. According to the latest data from the European Union Oil Bulletin, which monitors fuel prices in the 27 member states, petrol in Spain fell by 1.7% this week and diesel by 1.1%.
Although it’s certainly a welcome move in the right direction, the decrease is so slight that most drivers won’t even have noticed the saving at the pumps.
On Monday, filling an average 55-litre unleaded tank would have cost around 99.7 euros (1.813 euros per litre); that’s just 1.70 euros less than the previous week. In the case of diesel, the savings are even more scant, dropping one euro to 98.90 per fill.
With these prices, petrol is now 24% more expensive than it was this time last year, and diesel has jumped a wallet-busting 50.75%, one of the many reasons why the transport sector has declared a national strike in Spain and has this Thursday (March 24) rejected the government’s deal of a 20 cent per litre fuel discount.
The tiny reduction in fuel costs is as a result of the price of Brent oil falling below 100 dollars, but this saving in raw materials has only barely been reflected at the pumps, and the rest of Europe has decreased far more than Spain.
For example, in Italy, petrol dropped by 2.2% on Monday, while a reduction of 5.1% was registered in Germany.
Despite these discrepancies, everything points to a Europe-wide rebound in fuel prices next week.
Image: Archive
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