The price of diesel falls 0.3% for the first time in more than 3 months and gasoline becomes cheaper by almost 2%

MADRID, 12 Oct.

The price of diesel falls 0.3% for the first time in more than 3 months and gasoline becomes cheaper by almost 2%


The average price of a liter of diesel has put an end to the increases it has experienced since the beginning of summer and has registered its first decrease in fourteen weeks, a downward trend that gasoline experienced for the first time last week, also after three months.

Specifically, diesel has fallen 0.3% compared to seven days ago, to stand at 1.682 euros per liter, while gasoline has fallen 1.86%, to 1.719 euros, according to data from the Petroleum Bulletin of the European Union collected by Europa Press.

In any case, the price of both fuels continues above the levels at which it was before the outbreak of the war in Ukraine due to the Russian invasion, which began on February 24, 2022 and, in the case of diesel, It was 1,479 euros per liter, and, for gasoline, 1,594 euros per liter.

In any case, they have not reached, despite this upward trend in recent months, the highs they recorded more than a year ago, when in July 2022 gasoline reached 2,141 euros and diesel 2.1 euros.

With current prices, filling an average 55-liter tank of gasoline currently costs about 94.5 euros, compared to the 83 euros (11.5 euros less) that it cost at this time last year, including the discount on 20 cents per liter that was in force a year ago.

In the case of diesel, filling an average 55-liter tank currently costs about 92.5 euros, one and a half euros less than the 91 euros it cost in the same period of 2022, including the discount at that time.

Last year, due to the increase in fuel prices due to the energy crisis caused by the war conflict, the minimum bonus of 20 cents per liter of fuel was in force for all citizens approved by the Government within its response plan to the crisis. impact of the war in Ukraine.

Likewise, with this, diesel has been below the price of gasoline for 34 consecutive weeks. It thus remains in 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 it broke that dynamic.

The price of fuel 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. Furthermore, the evolution in the price of crude oil is not directly transferred to fuel prices, but rather does so with a time lag.

With these levels, the price of 95 unleaded gasoline in Spain remains below the average of the European Union, located at 1,790 euros per liter, and of the eurozone, with an average price of 1,866 euros.

In the case of diesel, the price in Spain is also lower than the EU average, which is 1,773 euros, and the euro zone, where the price is 1,827 euros.