Fuel prices rise 1.26% due to the Iranian conflict, sustained by seven weeks of rising
This increase confirms the trend change, as petrol and diesel have fallen by more than 3.5% and 5% respectively in recent months, although filling the tank costs less than a year ago.
Fuel prices have continued to rise since mid-January, and for the seventh consecutive week fuel prices have risen again by 1.26%, driven by the Iranian conflict.
In particular, the average price of a litre of petrol has risen 1% from the previous week, to EUR 1,486, and has risen to its highest level since the end of November, according to data from the European Union Oil Bulletin.
In the case of the average price of a litre of diesel, it has risen 1.26% from a week ago and stood at EUR 1.441, its highest level since the beginning of December.
Thus, both fuels confirm the trend shift: since November, petrol has fallen by 3.5% and diesel by more than 5%, accumulating increases of 2.15% and 2.6%, respectively.
In addition, as a result of the crisis in the Middle East, the benchmark Brent oil barrelin Europe has stood at over $82 and the American Texas at over $75. In fact, this weekly increase is the highest recorded in the last month and a half.
Fill the tank.
Despite the new upturn this week, filling an average 55 litre diesel tank costs EUR 79.25, EUR 2.69 less than a year ago, when it was around EUR 81.95.
For petrol vehicles, filling an average tank (55 litres) costs around EUR 81.73, EUR 4 less than a year ago, when it exceeded EUR 85.74.
Prices below the European average
With these levels, the price of lead-free petrol in Spain is lower than that of the European Union (EUR 1.664 per litre) and the Eurozone (EUR 1.722).
In the case of diesel, the price in Spain is also lower than the EU average of EUR 1.629 and the euro area average of EUR 1.662.
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