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HomeLatest NewsDiesel becomes more expensive by 8% while the price of gasoline falls...

Diesel becomes more expensive by 8% while the price of gasoline falls by 6%

Date: January 28, 2023 Time: 10:49:57

Fuel prices fell again this week by more than 3%, in a year marked by the war in Ukraine, in which its price has reached all-time highs. However, diesel has become 8% more expensive since January, while gasoline has experienced a downward trend of 6%, according to data collected in the European Union Oil Bulletin.

These data include the average price recorded at more than 11,400 Spanish service stations between December 12 and 19. After discounting the 20 cent bonus per liter that the Government has applied since April, gasoline stood at 1.39 euros and automotive diesel at 1,461. This bonus, which has been applied to everyone who refuels, ends its validity at the end of 2022. However, the Government plans to keep it only for some economic sectors, according to the first vice president, Nadia Calviño.

The extension of the discount, with these changes, would be approved in the Council of Ministers next week, in which other measures would also be extended to alleviate the consequences of the war in Ukraine. In the last week, the price of gasoline has fallen by 3.61% and accumulates five consecutive falls; while that of diesel has done so by 3.25% and has fallen for the eighth week in a row.

The price of gasoline, including the discount, is at the levels it was at the beginning of July 2021; while that of diesel is in those it had in February 2022, before the start of the Russian invasion of Ukraine, which skyrocketed prices. Compared to when 2022 began, gasoline (including discount) is now 6.02% cheaper and diesel 8.46% more expensive.

If it is compared with the price that these fuels had before the end of 2021, that is, a year ago, gasoline is 5.83% cheaper and diesel, 8.71%. With current prices, filling an average 55-liter tank with gasoline costs 76.45 euros and 80.35 euros, if it is a diesel engine.

A year ago, filling that same tank with gasoline cost 81.18 euros (4.73 euros more), although then the 20-cent discount was not in force; while to do it with diesel you had to pay 73.92 euros; that is, they paid 6.43 euros less. The decreases that have been chaining fuels for several weeks have made gasoline now 11.13% cheaper than a month ago and diesel, 12.83%.

The escalation in prices unleashed by the war in Ukraine led these fuels to reach all-time highs in June, when the discount of 20 cents per liter was already applied. Subsequently, their prices have moderated and now gasoline costs 28.39% less and diesel, 23.11% less compared to those maximums.

Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.
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