Saturday, December 2, 2023

Spain records the most frightening gasoline price data in Europe

The price of gasoline has already risen for ten weeks in a row. However, the increase in Spain is not to the same extent as in other European countries.

According to Eurostat, the increase in gasoline prices in Spain was 6.7% in August, almost doubling the 3.4% recorded in all European Union countries.

At a country level, Spain’s gasoline price increase is the fourth largest, far exceeded only by Hungary and slightly by France and Germany, two countries that have also decided to abolish their significant fuel discounts.

Gasoline at the highest price of the year

According to the latest records from the European Union Petroleum Bulletin, the price of gasoline in Spain is at its highest level in all of 2023: 1,735 euros per liter.

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You have to go back to November 2022 (when the government’s general subsidy of 20 cents per liter was still in effect) to find a similar price for gasoline.

However, if we subtract the 20 cents that consumers did not have to pay, gasoline did not represent such a large expense for Spaniards just a year ago, in September 2022. In addition, this 1,735 liters per liter of gasoline represents an all-time high in costs for the above fuel for the month of September.

In any case, gasoline is still far from the level of July 2022: 2,141 euros per liter, the highest price in the history of our country.

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At current prices, an average 55-litre tank of fuel costs around €95.43, compared to the €87.45 (around €8 less) it cost this time last year.

Nation World News Desk
Nation World News Desk
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