Fuels maintain their downward trend and add a reduction of up to 6.1% from the maximums

Gasoline fell 0.6% in the week and diesel fell 0.54%

MADRID, 2 Nov. (EUROPA PRESS) -

The price of fuel has maintained its downward trend this week, after gasoline has chained its fifth consecutive fall and diesel has added its fourth drop, and they have already accumulated a reduction in prices of up to 6.1% from the annual maximums that They played at the end of September.

Specifically, the price of gasoline has fallen 0.6% compared to last week, to stand at 1.652 euros per liter, thus falling back to levels at the end of July, according to data from the European Union Petroleum Bulletin collected by Europa Press.

For its part, diesel has fallen by 0.54% this week, to 1.645 euros per liter, its lowest level since mid-September.

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

In any case, these falls take both fuels a little further away from the highs they recorded more than a year ago, in July 2022, when gasoline reached 2,141 euros and diesel 2.1 euros.

Thus, these latest decreases recorded in fuels allow for an accumulated reduction in prices of 6.1%, in the case of gasoline, and 2.5%, for diesel, with respect to the annual maximums reached at the end of September and beginning of October, after three months of growth.

With current prices, filling an average 55-liter tank of gasoline would amount to 90.86 euros, about five euros above the 85.8 euros it would have cost at this point in 2022, including the 20-cent discount. per liter in force at that time.

In the case of diesel, filling an average 55-liter tank amounts to 90.47 euros, 6.9 euros less than the 97.4 euros it cost in the same period of 2022, including the discount.

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

Likewise, with this, diesel has been below the price of gasoline for 37 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 the dynamics.

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 1,755 euros per liter, and of the eurozone, with an average price of 1,811 euros.

In the case of diesel, the price in Spain is also lower than the EU average, which is 1,749 euros, and the euro zone, where the price is 1,790 euros.