Motorists in Spain are facing a challenging time as petrol prices continue to climb, reaching concerning levels at over 150 service stations in Aragón where the cost has surpassed €2 per litre. This surge spells trouble for drivers, especially with the looming expiration of a government fuel discount that currently eases the burden by a few cents per litre.
The national average price for regular petrol has reached €1.866 per litre as of September 17, marking an increase of 2.88% in just one week. Diesel prices have also seen a rise, now at €1.834 per litre following a brief dip. These increases are largely driven by the rising global oil prices, exacerbated by disruptions in the Middle East that have put additional pressure on crude oil markets.
Spain’s heavy reliance on imported crude means that fluctuations in international prices have a direct impact on domestic fuel costs. The situation is expected to worsen for consumers after September 30 when the government’s temporary fuel discount is set to expire. This measure currently provides a relief of 5 cents per litre on petrol and 20 cents on diesel, helping to offset some of the cost increases.
Industry estimates indicate that the end of the discount could push average diesel prices above €2 per litre, with petrol prices approaching similar levels. This forecast highlights the importance for drivers to compare prices between service stations, as fuel costs can vary significantly across the country.
As household budgets continue to be strained by escalating fuel prices, the expiration of the fuel discount could further impact consumers, making it crucial for motorists to keep track of price fluctuations and seek out the most affordable options available.