Motorists in Spain are bracing for a significant increase in fuel expenses as petrol prices continue their upward trajectory, now hitting €2 per litre at over 150 service stations in Aragón. With the national average price of regular petrol climbing to €1.866 per litre as of September 17, a 2.88% rise in just one week, drivers are feeling the pinch at the pump.
Diesel prices have also seen an uptick, reaching €1.834 per litre after a brief period of decline. This surge in fuel costs is largely driven by rising global oil prices, exacerbated by disruptions in energy supplies from the Middle East, which are putting additional strain on crude oil markets. Spain, heavily reliant on imported crude oil, is particularly vulnerable to these international price fluctuations.
The situation is poised to become even more challenging for Spanish consumers as a government-imposed fuel discount is set to expire on September 30. This temporary measure currently offers a relief of 5 cents per litre on petrol and 20 cents on diesel. Industry estimates suggest that once this discount ends, average diesel prices could surpass €2 per litre, with petrol prices not far behind.
As household fuel costs continue to escalate, the variance in prices between different service stations becomes more pronounced, making price comparisons increasingly important for consumers. With the ongoing rise in fuel prices, the potential financial impact on families and businesses across Spain is significant, prompting many to seek the best available rates to mitigate costs.