Search thinkSPAIN.com for  in 
spain jobs
backprinttell a friend

Diesel at 1€ per litre
By:
ThinkSpain , Thursday, January 7, 2016

Diesel fuel is being sold at an average of 1.006€ per litre across Spain, nearly 9% lower than last year, and almost 8000 petrol stations are selling it a under a euro a litre.

Of these 8000, 1100 are selling it at under 90 cents a litre and two - one in La Rioja and one in Zaragoza - are selling it at under 80 cents.

According to the Ministry of Industry's geoportal, these petrol stations are spread evenly across the whole country and are just as likely to be independent as part of one of the big chains.

The huge drop in crude oil prices on the international markets since the summer of 2014 has led to a progressive fall in domestic petrol prices, which are now at 2010 levels.

Unleaded 95 costs on average 1.141 euros per litre according to data from the European Commission, which equates to 0.87% less than a year ago. There are a dozen petrol stations, mainly independents or linked to hypermarkets, where unleaded is being sold for under a euro a litre.
 
The price of Brent crude oil has stayed below 40 dollars a barrel for weeks now and even dropped as low as 36 dollars for a number of days, far below the price of over 100 dollars a barrel that was seen in the summer of 2014.

This huge price drop has led to a gradual reduction in domestic petrol prices, although the fact that more than half the retail price of petrol is made up of taxes means that the vast difference between last year's and this year's crude oil prices has been less noticeable.

 
Print Share Article RSS News Feed
print tell a friend stumble it!  delicious  digg it!  facebook   rss feed View feed | Add to my RSS reader rss feed

Latest ThinkSpain News
Coastguard rescues 231 migrants in six boats off Spain's shores in one day
Crime/Incidents - (25/6/2017)
Five medics sanctioned for treating cancer with homeopathy instead of traditional medicine
Crime/Incidents - (25/6/2017)
Early start to sales for El Corte Inglés
Business/Economy - (25/6/2017)
 
Latest Transport (inc Motoring) articles
Cut-price high-speed AVE train tickets on sale from midnight tonight
Spain  - (24/6/2017)
'Paperless' and 'contactless' metro tickets in Madrid from next month
Madrid  - (20/6/2017)
Driving examiners on strike every Monday, Wednesday and Friday until the end of July
Spain  - (19/6/2017)
 
  back
Follow thinkSPAIN on
Facebook Twitter
 
 
 
 
© 2003-2017 Think Web Content, S.L. - All rights reserved