Diesel and petrol have increased by about 32% in the ACV since the start of the Iranian war
The tax cuts imposed by the Spanish Government have had a limited impact on the pockets of consumers, with sales in most cases being just a few days.
Since the start of thewar in Iran, on 28 February, the price of diesel and petrol has risen by 36.2% and 28.4% respectively in the CSC (including taxes), according to data provided by the Ministry of Ecological Sustainability.
As can be seen from the interactive chart accompanying this news, the tax rebates decreed by the Spanish Government, the first in March, the second in July and two in August and September, have had a limited impactover time due to the rapid recovery of the market.
The first package of measures to mitigate the effects of the war was in force from 22 March to 30 June. The Spanish Government reduced VAT on fuels from 21% to 10% and the tax on hydrocarbons to the minimum permitted in the European Union (EU), which prevented the increase in the sale price of diesel (29.9%) from being proportional to the pre-tax increase on diesel.
Summer evolution
In July, the Sánchez government passed a second legislative decree abolishing the VAT cut, but maintaining the reduction in the hydrocarbon tax, which was reduced by 15 cents per litre, and at the end of the month prices rose again at the Basque petrol stations. Diesel rose 23.6% compared to the start of the war in Iran (1.81 euros/litre).
In August, the Spanish Government reduced the discount to 10 cents per litre, with an increase of 28.1% from 28 February to 31 August (from 1.46 euros per litre to 1.85 euros per litre), and 17.9% for petrol.
This latest package is expected to end on the 30th. In any case, the Spanish Government may announce more aid due to the continued increase in fuel prices.
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