Monday, September 25, 2023

Gasoline prices have reached their highest level in more than a year

September is one of the Highest spending months for Spanish families. This year, the bill will not only swell to include the shopping basket in the supermarket, the mortgage or school attendance – between books, school supplies and uniforms – but also Neither does the fuel It gives wallets a break during this difficult start to the year.

In particular, in this first week of the month, the week in which families usually return from vacation to face everyday life, the average fuel price has increased again. his ninth week chained followed by increases. Since the start of summer, fuel prices have risen by up to 12.8%.

Registration of the price peak varies depending on the fuel. Specific, the gas It has become 0.58% more expensive this week than seven days ago, up to 1,731 euros per liter, according to data available in the European Union Petroleum Bulletin. As can be seen in the chart above, this is the highest value so far this year, and you have to go to early December to find the same value. It is worth remembering that at that time and until the 31st of this month, the mandatory discount of 20 cents per liter of fuel – gasoline and diesel – applied to all consumers.

Imagine a petrol tank of around 50 liters that costs 86.50 euros to fill this week. That’s an increase of around seven euros if you compare it to the week last year, when a liter of petrol cost drivers 1.59 euros including the discount.

In the case of Diesel, and like gasoline, its average price has been rising for nine weeks. It was placed in that first week of September 1,622 euros per liter, 0.62% more than the previous week. This is a value that has not been measured since week 7 of 2023; so since mid-February.

Focusing on this fuel, refueling a 50 liter tank costs 81.10 euros, three euros less than the 84 euros that had to be paid for refueling last year (including the discount). Since February of this year, gasoline has consistently become more expensive than diesel, which was common before the outbreak of the war in Ukraine.

After the government decided to withdraw the fuel discount in December, fuel prices began to rise again in June – with the arrival of summer and the increase in travel – which can be observed week after week. Since then, the price of a liter of gasoline has risen by 8.7% and that of diesel by 12.8%.

Despite this weekly increase Fuels are far from their maximum: In June last year, a liter of petrol cost 2.14 euros, a liter of diesel 2.08. In fact, they remained at similar levels in the middle of summer, as they only fell below two euros per liter in the first week of August 2022.

Repsol starts the war

In this context, companies are looking for a formula to attract those who want to refuel their car as cheaply as possible.

The first company to move after a summer of rising prices was Repsolthat with the inauguration of his new one commercial campaign has opened the door to a possible new price war between major oil companies. Especially the company he runs Joshua Jon Imaz launched an aggressive bidding campaign this week. Starting this Wednesday and running until October 15, the company is doubling the discounts it introduced last April when it launched its energy savings plans.

As Repsol explained in a statement released this week, customers who use Waylet as a means of payment at their gas stations can save up to 40 cents per liter of fuel and up to 100% of the amount when charging electric vehicles at public gas stations and company gas stations, depending whether they have also concluded electricity, gas and solar solutions with Repsol. In this way there is a 10 cent discount for anyone who fills up and pays with Waylet, 20 cents if the customer has an electricity contract with Repsol; 30 cents for those who also add heating and the maximum amount for those who also have the solar offer under contract.

The second most expensive exit operation

The rise in fuel prices in early September came after the operation was named the second most expensive in history last August.

Nevertheless, refueling a vehicle during the August campaign was between 7 and 14 euros cheaper than a year ago, including the discounts of 20 cents per liter at the time. Exactly the most expensive operation, beyond that of this month of August, was the one in the same month of the previous summer.

Nation World News Desk
Nation World News Desk
Nation World News is the fastest emerging news website covering all the latest news, world’s top stories, science news entertainment sports cricket’s latest discoveries, new technology gadgets, politics news, and more.
Latest news
Related news