Diesel falls 1% this week, while gasoline rises 0.21%

MADRID, 6 Abr.

Diesel falls 1% this week, while gasoline rises 0.21%


The average price of diesel in Spain has fallen by 1.03% this week, to 1.53 euros per liter, while the average price of gasoline has risen by 0.21%, to 1.63 euros per liter , according to data from the Oil Bulletin of the European Union (EU) collected by Europa Press.

This last fuel thus breaks the trend registered in the last two weeks, in which gasoline fell in price, while diesel has managed to remain below the price of gasoline for eight consecutive weeks.

This returns to the usual situation before the Russian invasion of Ukraine, which caused the price of diesel to be more expensive than gasoline continuously from August 2022 until mid-February of this year, when that dynamic.

Likewise, compared to the first week of 2023, without the 20 cent discount applied by the Government last year, gasoline registered an increase of 3%, compared to the 8.4% cheaper diesel.

With these price levels, both fuels remain far from the highs they reached last summer, when in July gasoline reached 2,141 euros and diesel 2.1 euros.

Likewise, gasoline and diesel continue for another week below the amount they marked (1.818 euros in the case of the first and 1.837 euros for the second) before the entry into force of the aid of 20 cents per liter approved by the Government at the end of March of last year and that, since the beginning of 2023, has only been maintained for the group of professionals, which includes carriers, farmers, shipping companies and fishermen.

Compared to the same dates last year, current prices will be 17% cheaper for diesel and 10% cheaper for gasoline, without taking that discount into account.

In any case, last year at this time the discount of 20 cents was already in force, so filling an average tank of 55 liters with gasoline cost 88.7 euros, one euro less than now, while one with diesel cost 90.5 euros, six more than now.

In this context, this Thursday a barrel of Brent, a reference in Europe, was trading at around 84 dollars, while the American Texas is trading at around 80 dollars.

The price of fuels depends on multiple factors, such as its specific price (independent of that of oil), the evolution of crude oil, taxes, the cost of raw materials and logistics, and gross margins. In addition, the evolution in the price of crude oil is not transferred directly to fuel prices, but rather with a time lag.

With these levels, the price of 95 unleaded gasoline in Spain remains below the average for the European Union, located at 1.738 euros per liter, and for the euro area, with an average price of 1.786 euros.

In the case of diesel, the price in Spain is also lower than the EU average, which is 1.646 euros, and the euro zone, where it marks a price of 1.676 euros.