As global oil markets face disruptions due to tensions in the Middle East, Spain is experiencing a significant surge in fuel prices, impacting both motorists and the broader economy. The country’s dependency on imported crude oil has left it vulnerable to fluctuations in international prices, a trend that has seen petrol prices climb steadily over the past 11 weeks.
On September 17, the national average price of regular petrol reached €1.866 per litre, marking a weekly increase of 2.88%. This rise is mirrored in diesel prices, which also saw an uptick to €1.834 per litre following a temporary decline. In Aragón, more than 150 service stations have already reported petrol prices exceeding €2 per litre, highlighting the regional disparities in fuel costs across Spain.
The situation could worsen for Spanish motorists as the government’s temporary fuel discount is set to expire on September 30. Currently, this measure offers a relief of 5 cents per litre for petrol and 20 cents for diesel. Industry estimates suggest that without this discount, diesel prices could surpass €2 per litre, with petrol prices edging closer to this threshold.
As household fuel expenses continue to rise, the varying prices between different service stations make it crucial for consumers to compare options. This variability underscores the importance of strategic purchasing decisions amid ongoing economic pressures on everyday consumers.