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The price of fuel falls after five weeks on the rise and filling the tank costs 87 euros

Date: June 19, 2024 Time: 13:35:34

The price of fuels returns to the path of falls for the first time since the end of May, after accumulating up to five weeks of increases. Gasoline and diesel have fallen by 0.27% and 0.43%, respectively.

According to data from the European Union Oil Bulletin compiled by Europa Press, the average price of fuels this week interrupted its upward trend since the end of the year. During this week, the average price of diesel has been established at 1,437 euros per liter while gasoline stands at

In addition, both gasoline and diesel are far from the maximum levels they reached about a year ago. In July 2022, the price of gasoline reached 2.141 euros per liter, while diesel reached 2.1 euros per liter.

The price of fuel has fallen

The price of gasoline has fallen if we compare it with the data that was recorded a year ago. Now, fill your 55-litre tank with media, that increases to around €87.5, which suggests a drop of almost €30 less than the €116.2 it cost in the same period last year.

On the other hand, and with these prices, filling an average 55-liter tank of diesel increases to about 79.03 euros, compared to 114.18 euros -about 35 euros more- that it cost at this point last year .

Last year, due to the escalation in the price of fuels due to the energy crisis caused by the war, the minimum bonus of 20 cents per liter of fuel for all citizens approved by the Government as part of its response plan to the impact of the war in Ukraine.

Likewise, with this, diesel adds 21 consecutive weeks below the price of gasoline. Thus, it remains in the usual situation before the Russian invasion of Ukraine, which turned out that the price of diesel was more expensive than that of gasoline continuously from August 2022 until mid-February of this year, when it broke that dynamic.

Compared to the first week of 2023, without the 20 cent discount applied by the Government last year, gasoline registers an increase of 0.44%, compared to the 13.48% cheaper diesel. In this context, this Thursday a barrel of Brent, a reference in Europe, was trading at around 76 dollars, while the American Texas is trading at around 71 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 surroundings

The price of gasoline at these levels, unleaded at 95, remains in Spain below the average for the European Union, located at 1,729 euros per liter, and for the eurozone, with an average price of 1,789 euros. . In the case of diesel, the price in Spain is also lower than the EU average, which is 1,568 euros, and the euro zone, where it marks a price of 1,597 euros.

* This website provides news content gathered from various internet sources. It is crucial to understand that we are not responsible for the accuracy, completeness, or reliability of the information presented Read More

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

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