Motorists in Spain are bracing for potentially higher fuel expenses as petrol prices continue their upward trajectory, now reaching over €2 per litre at numerous service stations in Aragón. This price escalation, which has persisted for 11 weeks, is poised to strain household budgets further, especially with an impending expiration of government fuel discounts.
As of September 17, the average national price for regular petrol climbed to €1.866 per litre, marking a 2.88% increase from the previous week. Diesel prices also saw an uptick, rising to €1.834 per litre after a temporary decline. The surge in prices can be largely attributed to rising global oil costs, exacerbated by disruptions in energy supplies from the Middle East, which have put additional pressure on crude oil markets. Spain, heavily reliant on imported oil, is particularly vulnerable to these international price shifts.
The looming expiration of the Spanish government’s temporary fuel discount on September 30 could further impact motorists. Currently, this measure offers a reduction of 5 cents per litre on petrol and 20 cents on diesel. Industry experts predict that once this relief ends, diesel prices could exceed €2 per litre, while petrol prices may edge closer to the same level.
Given the substantial variations in fuel prices across different service stations, consumers are increasingly encouraged to compare prices to manage their expenses effectively. As household fuel costs rise, such comparisons become crucial for budget-conscious drivers navigating the escalating market.