Since the beginning of the year, the price of gasoline has increased by 10%. Gasoline prices also rose for three consecutive months and have now reached a new annual record. The price for a litre of unleaded petrol 95 is now on average €1.686.
This is also a small increase compared to last week. Diesel, which has fallen to €1.558 per litre, has seen an increase of 4% since the beginning of 2024.
Impact on the wallet
Filling an average 55 litre petrol tank now costs €92.7 according to the most recent data from the EU Oil Bulletin. That is almost €2 more than at the same time last year. Diesel users now pay €85.6 for a full tank, which is also €2 more than last year.
Petrol price in Spain compared to the EU
Despite the increases, the price of petrol in Spain remains below the average of the European Union, which is €1.813 per litre, and of the euro zone, where the average price is €1.869 per litre. Diesel is also cheaper in Spain compared to the EU average of €1.680 and €1.708 in the Eurozone.
The role of crude oil prices
The price of crude oil also remains an important factor. On Thursday, the price of a barrel of Brent crude, the benchmark for Europe, rose 0.28% to $88.27, while Texas crude rose to $83.03, up 0.27%.
Last December, the price of gasoline in Spain reached the lowest level of 2022 at €1.501 per litre. The record high was reached in the summer of 2022. Then petrol cost €2.141 .
