Home » Petrol Prices in Spain Exceed €2, Rising for 11 Consecutive Weeks

Petrol Prices in Spain Exceed €2, Rising for 11 Consecutive Weeks

by admin477351
Picture Credit: AI-generated via OpenAI ChatGPT

Petrol prices in Spain have surged for the 11th week in a row, with costs at over 150 service stations in Aragón surpassing €2 per litre. As of September 17, the national average price for regular petrol climbed to €1.866 per litre, a 2.88% increase from the previous week, while diesel prices rose to €1.834 per litre following a brief decrease.

The escalation in fuel prices is largely attributed to rising global oil prices, driven by disruptions in energy supplies in the Middle East, which have exerted additional pressure on crude oil markets. Spain, which depends significantly on imported crude, is particularly vulnerable to fluctuations in international prices.

Compounding the situation, the Spanish government’s temporary fuel discount is set to expire on September 30. Currently, this measure provides a discount of 5 cents per litre for petrol and 20 cents for diesel. Industry experts warn that the conclusion of this discount could lead to diesel prices exceeding €2 per litre, with petrol prices nearing that mark.

Motorists are increasingly encouraged to compare prices among service stations as fuel costs show significant variation. This is crucial for households as they continue to grapple with rising fuel expenses, making strategic purchasing decisions more critical.

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