Fuel prices continued to fall in free fall last week, reflecting the decline in oil prices a few weeks earlier. Super 95 gasoline has now reached its lowest level since October 2021.
This trend is reflected in data from the European Union’s Oil Bulletin, which shows that fuel prices have been falling for three weeks, and diesel prices have reached their lowest level since October of last year. Furthermore, the price of gasoline has fallen by 12.9% and diesel by 10.2% year-on-year.
Gasoline and diesel prices per liter
Specifically, the average gasoline price in Spain this week is €1.47 per liter, a decrease of 0.61% compared to €1.479 the previous week. This is 7.7% less than at the beginning of the Ukraine war in February 2022.
The price of diesel is €1.384 per liter, 0.72% lower than the €1.494 recorded in the last survey. Compared to the end of February 2022, the price of diesel has fallen by 6.4%.
How much does it cost to fill up a car’s tank?
Using last week’s prices, filling a 55-liter gasoline tank costs €80.85, 50 cents less than the previous week. A tankful of diesel costs €76.12, 55 cents less than the last survey.
Thus, the average gasoline price in Spain continues to be below the Eurozone average, where the retail price for a liter of gasoline is set at €1.67 and for diesel at €1.531. Even compared to other EU countries, petrol is below average with an average price of 1.618 euros per liter and diesel with 1.505 euros per liter.
