Change of trend in the price of gasoline and diesel

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In a context marked by the uncertainty generated about how the veto of the European Union (EU) to Russian diesel would affect its price, it has fallen by almost 3% in the last week and diesel is already cheaper than gasolinesomething that had not happened for six months.

I agree with you Oil Bulletin datawhich includes the average price registered in more than 11,400 Spanish service stations between February 7 and 13, 2023gasoline has fallen in the last week to 1,633 euros per liter, while diesel has stood at 1,628 euros.

With these values, gasoline surpasses diesel for the first time since the week of August 8, 2022, half a year ago, when the first cost 1.66 euros per liter and the second 1.654, both with the 20-cent bonus from the Government already applied.

There was some uncertainty about the effect that the EU ban on diesel imports from Russia – in force since February 5 – would have, with some experts predicting that it would become more expensive.

However, in the first week of prohibition, this fuel has become cheaper by 3%, compared to 1.3% that gasoline has fallen.

More expensive than a year ago

Despite this fall, both fuels continue to be more expensive than just a year ago, specifically 3.7% in the case of gasoline and 11.4% dieselalthough it should be remembered that the prices of August 2022 had a bonus of 20 cents per liter.

Currently, gasoline is at levels of the second week of August 2022, in the middle of the second phase of the summer exit operation, when 1.66 euros per liter was paid with the discount applied.

In the case of diesel, this fuel has a price similar to that marked during the last week of November.

With these prices, filling a 55-liter tank with gasoline costs 89.8 euros and, if it is done with diesel, 89.5 euros.

far from maximum

Weighs a la general rise in fuel prices after the end of discountsthe price of gasoline and diesel is still far from the all-time highs recorded in June 2022.

In the case of gasoline, it is 15.9% cheaper than then, when its price was 1.94 euros per liter with the discount included, while diesel costs 14.3% less than 1.9 euros that came to score in June.

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The prices of both fuels in the last week are below the average registered in Europe of the 27, which in both cases stood at 1.72 euros per liter.

Gasoline and diesel are also more expensive in the euro zone than in Spain, costing an average of 1.78 euros per liter and 1.75 euros per liter, respectively.

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