Despite the discount of 20 cents that the Government has established on fuel prices, gasoline and diesel will mark lThe highest prices in history in a Holy Week. The Moncloa bonus has not been able to prevent both fuels stay above 2012 records which were in force for almost 10 years.
Coinciding with the start of the operation out of Easter, where according to the General Directorate of Traffic (DGT) 14.6 million trips are expected by road between today and next April 18, fuels continue to set record values even though the discount which entered into force just a week ago has given consumers a break.
The data compiled by Efe in the Geoportal of the Ministry for the Ecological Transition and the Demographic Challenge showed, at 3:00 p.m., an average price -once the discount was applied- of 1,584 euros per liter for gasoline, and 1,605 euros in the case of diesel. The Geoportal, which collects fuel prices in real time at nearly 11,000 service stations throughout Spain, shows that gasoline and diesel register their highest price in history during Holy Week, above the values reached in 2012, the most expensive to date, when gasoline was paid at 1,475 euros and diesel at 1,372 euros.
However, if the discount approved by the Executive in the framework of the national response plan for the economic and social consequences of the war in Ukraine is not applied to the price of fuel, gasoline would reach an average price of 1,784 euros, compared to €1,805 what consumers would pay when refueling diesel.
In this sense, thanks to the bonus, filling an average 55-litre tank with gasoline in the first phase of the outgoing operation -between today and Sunday- will cost 87 euros, while with diesel it reaches 88 euros, which means paying about 11 euros less than without the discount of 20 cents per liter whether you use gasoline or diesel.
More expensive than in previous years
Despite the respite that both fuels have given in the last month after starting the year with eleven consecutive weeks on the rise that led them to exceed the historical maximums in force since 2012, almost ten years ago, their current prices are still much higher those registered in previous years, according to data from the Geoportal.
Thus, the prices that gasoline and diesel mark today exceed the values of both 2019, before the pandemic broke out, and 2020, in full confinement decreed to combat the coronavirus, and 2021, when mobility began to recover. after overcoming the toughest phase of the health crisis. In 2019, when Holy Week began, the last one before the pandemic, gasoline was paid at 1,325 euros and diesel at 1,238 euros, 16% and 23% less, respectivelycompared to current prices -discount of 20 cents included-.
In 2020, when prices fell as a result of confinement and mobility restrictions in force not only in Spain, but in almost all of Europe, gasoline reached a price of 1,121 euros and diesel 1,038 euros, which meant paying 29% and 35% lessrespectively, with respect to the current Holy Week. Already in 2021, gasoline, with an average price of 1.31 euros, was a 17% cheaper when Easter began, while diesel, which cost 1.18 euros, had a price 26% lower than it is now.
Economic measures in Europe
To cushion the impact that the rise in fuel prices is having on consumers, and which has accelerated due to the Russian invasion of Ukraine, many European governments have taken measures to ease the situation. In this sense, as explained by the latest Petroleum Bulletin of the European Union (EU), which estimates the current average price of gasoline on the continent at 1,855 euros per liter, compared to 1,861 euros for diesel, countries such as Poland and Slovenia have lowered the tax burden on fuelswhile others such as Spain and France have established bonuses.
As for the measures taken by the Spanish Government, on April 1 the bonus of 20 cents per liter of fuel for all consumers, of which 15 cents are paid by the State and a minimum of five is applied by the oil companies.
Despite the historically high levels registered by gasoline and diesel in Spain since the beginning of 2022, thanks to the lower tax burden borne by both fuels, its price is below the European average. Thus, the most expensive gasoline in the EU is currently in Finland (2.15 euros) and the Netherlands (2.112 euros)while the diesel with the highest price is found in the Nordic countries, specifically in Sweden (2,438 euros) and Finland (2,253 euros).
In contrast, the cheapest gasoline prices in Europe are recorded in Malta (1.34 euros) and Poland (1,420 euros)and those of diesel mark them too Malta (1.21 euros) and Hungary (1.422 euros). Compared to neighboring countries, Spain has the lowest values, being surpassed by Germany, where gasoline is paid at 2,056 euros and diesel at 2,058 euros, France (1,832 and 1,891 euros, respectively), Italy (1,792 and 1,788 euros) and Portugal (1,989 and 1,927 euros).