As global oil prices continue their upward trajectory due to supply disruptions in the Middle East, Spain is feeling the impact at the pump. Over the past 11 weeks, petrol prices in the country have consistently risen, with motorists in the Aragón region witnessing costs climb beyond €2 per litre at more than 150 service stations.
Nationally, the average price for a litre of regular petrol reached €1.866 as of September 17, marking a 2.88% increase in just one week. Diesel prices have also seen a rise, hitting €1.834 per litre after experiencing a brief decline. These increases reflect Spain’s reliance on imported crude oil, which has become more expensive amid the heightened market pressures.
The situation for Spanish drivers could become more challenging with the impending expiration of the government’s temporary fuel discount program on September 30. Currently, this initiative provides a relief of 5 cents per litre on petrol and 20 cents on diesel. Industry experts warn that once these discounts end, diesel prices could surpass €2 per litre, and petrol prices might reach similar levels.
As fuel costs continue to climb, the variation in prices across different service stations is becoming increasingly significant. Consumers are encouraged to compare prices meticulously to manage their household fuel expenses effectively. The ongoing price hikes underscore the broader impact of global oil market fluctuations on local economies and consumer budgets.