On Friday, for the first time since the reduced VAT on fuels was implemented, prices began to fall: there have been four consecutive sessions in which average prices opened slightly lower than the day before. Refueling a full tank of gasoline today costs about €69 on average, and a tank of diesel a little over €83.
Nevertheless, they remain higher than before the Iran conflict, a war that has tightened global oil trade and pushed Brent crude higher. Over this weekend, crude also declined, dropping below $100 per barrel for the first time in a month and a half of gains. Today it rose slightly again.
Table of Contents (3)
- Gasoline and diesel prices in Spain today
- Evolution of gasoline and diesel prices
- Find your ideal electric car
Prices of gasoline and diesel in Spain today
Unleaded 95 remains steady and opens the day at €1.544/l (little variation). Meanwhile, Unleaded 98 mirrors yesterday’s figures and sits at an average of €1.685/l across the country.
For diesel vehicles, good news for those refueling Diesel A, as the price falls to €1.856/l (a drop of 0.2 euro-cents per liter). As for the higher grade, Diesel A+ eases slightly today, standing at €1.945/l (down 0.3 euro-cents per liter).
| FUEL | TODAY | YESTERDAY | MAXIMUM |
|---|---|---|---|
| Unleaded 95 | 1.544 | 1.545 | 2.152 |
| Unleaded 98 | 1.685 | 1.686 | 2.311 |
| Diesel A | 1.856 | 1.858 | 2.106 |
| Diesel A+ | 1.945 | 1.948 | 2.199 |
| AutoGas/GLP | 0.998 | 0.998 | 1.058 |
It is worth noting that the average prices in the table refer to the Peninsula and the Balearic Islands; however, as is often the case, fuel prices also vary between service stations. The gap between refueling at an expensive or a cheaper gas station can exceed 15 euro-cents per liter.
Aside from the international quote, a large portion of what we pay per liter goes to taxes (€0.472/l for gasoline and €0.379/l for diesel). The temporary relief for drivers comes from the VAT portion, kept at 10%; an extraordinary tax break designed to shield wallets from the volatility caused by the Iran war.
Evolution of gasoline and diesel prices
As a backdrop, the European crude benchmark Brent is edging higher today, trading at $102.21 per barrel. This figure, combined with an exchange rate of $0.8560 per euro, largely shapes the bill that Spanish consumers will face at the pump today.
Find your ideal electric car
If you’ve been considering buying an electric vehicle, this will interest you. We’ve created a personalized electric car recommender that not only shows models tailored to your needs but also provides answers to the questions most likely to worry you, such as price, range, or nearby charging points.
Images | Pexels, Kia
