Fuel prices drop Car Finance

ACCORDING to the latest data from the European Union Oil Bulletin on Thursday, February 9, the average price of fuel in Spain dropped for the first time this year.

Specifically, petrol dropped by 0.33 per cent to €1.65/litre and diesel by 1.5 per cent to stand at €1.68/litre.

Since the beginning of 2023 ­ after the government discount of 20 cents was stopped ­ petrol has accumulated a rise of 4.5 per cent, compared to a 1 per cent rise for diesel. However, even with these price levels, both fuels remain far from the highs they reached last summer when in July petrol reached €2.141, and diesel hit €2.10.

Compared to a year ago, the price of a litre of petrol is 6.2 per cent more expensive, and that of diesel is 16 per cent higher. As a result, filling age 50 ­ litre tank costs almost €5 more with petrol, and about €12 more in the case of diesel.

With these levels, the price of 95 unleaded petrol in Spain remains below the average for the European Union, located at €1.73/litre, and at €1.78/litre in the eurozone.

In the case of diesel, the price in Spain is also lower than the EU average, which is 1.76/litre, and also in the eurozone, where it stands at €1.79/litre.