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HomeLatest NewsThe price of diesel falls again by 1.36% and recovers levels of...

The price of diesel falls again by 1.36% and recovers levels of a year ago

Date: April 2, 2023 Time: 09:11:40

The price of gasoline in Spain has fallen slightly compared to the previous week, with the average price per liter standing at 1,632 euros, a drop of 0.24%. The diesel for its part Oil tanker of the European Union collected by Europa Press.

In this way, the average price of diesel in Spain remains below that of gasoline for the third consecutive week, as was usual before the Russian invasion of Ukraine, when the price of diesel remained above that of gasoline. continuously from August 2022 until mid-February of this year, when that dynamic was broken.

A reduction of 4.33% with the end of the discount of 20 cents

Since the beginning of the year, without the discount of 20 cents applied by the Government last year, gasoline has accumulated a rise of 3%, compared to the 4.33% that diesel has dropped. The largest decrease in the price of diesel compared to gasoline occurs after registering a greater collection of reserves of this fuel due to fears of a greater shortage in Europe due to the veto on Russian diesel.

In addition, the main oil companies that operate in Spain have opted to maintain their discounts of 10 cents -which may be higher depending on the degree of loyalty- to their customers during the first quarter of the year. With these price levels, both fuels remain far from the highs they reached last summer, when in July gasoline reached 2,141 euros and diesel 2.1 euros.

Likewise, gasoline and diesel continue for another week below the amount they marked at the end of March of last year and which, since the beginning of 2023, has only been maintained for the group of professionals, which includes carriers, farmers, shipping companies and fishermen.

Fill the tank, between 1 and 5 euros more expensive

Compared to the same week a year ago (the one that began on February 28, 2022), the price of a liter of gasoline is 1.42% more expensive, and that of diesel is 6.14% higher, so that Filling an average 50-liter tank costs around one euro more for gasoline and almost five euros more for diesel. In this context, this Thursday the barrel of Brent, a reference in Europe, was trading at around 84.7 dollars, while the American Texas is trading at around 78.2 dollars.

The price of fuels depends on multiple factors, such as its specific price (independent of that of oil), the evolution of crude oil, taxes, the cost of raw materials and logistics, and gross margins. In addition, the evolution in the price of crude oil is not transferred directly to fuel prices, but rather with a time lag.

Cheaper in Spain than in the rest of the European environment

With these levels, the price of 95 unleaded gasoline in Spain remains below the average for the European Union, located at 1,723 euros per liter, and for the eurozone, with an average price of 1,772 euros. In the case of diesel, the price in Spain is also lower than the EU average, which is 1,693 euros, and the euro zone, where it marks a price of 1,718 euros.

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

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