Home » Petrol Prices in Spain Surpass €2, Climbing for 11 Consecutive Weeks.

Petrol Prices in Spain Surpass €2, Climbing for 11 Consecutive Weeks.

by admin477351
Picture Credit: AI-generated via OpenAI ChatGPT

Petrol prices in Spain have climbed for the 11th straight week, with costs at over 150 service stations in Aragón surpassing €2 per litre. As of September 17, the national average price of regular petrol rose to €1.866 per litre, reflecting a weekly increase of 2.88%. Diesel prices also saw a rise, reaching €1.834 per litre following a brief downturn.

The escalation in fuel prices is largely attributed to soaring global oil prices, exacerbated by disruptions to energy supplies in the Middle East. Spain, heavily dependent on imported crude oil, is feeling the effects of these heightened international prices.

This surge in costs could intensify for Spanish motorists after the expiration of the government’s temporary fuel discount on September 30. Currently, the discount provides a relief of 5 cents per litre on petrol and 20 cents on diesel. Industry estimates warn that removing the discount could propel average diesel prices above €2 per litre, with petrol prices close behind.

As fuel costs continue to rise, price variation between service stations becomes significant, making it crucial for consumers to compare prices. The potential end of government support underscores the importance of such comparisons as households face increasing fuel expenditures.

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