January 18, 2021

Fill the deposit costs 5.5 euros more than at the beginning of 2019

Fill the deposit costs 5.5 euros more than at the beginning of 2019


MadridUpdated:

The price of gasoline and diesel have risen by 7.7% and 8.8%, respectively, in the first quarter of the year, according to data from the European Union Oil Bulletin collected by Europa Press. In particular, the average price of the liter of gasoline has chained this week its eleventh consecutive rise, after rebounding 0.78%, to be at 1,277 euros, its highest level since last November.

For its part, the liter of diesel has cut the upward trend that had been recorded since the beginning of January, with ten climbs in a row, and has registered a decrease in its price of 0.16%, to be at 1,228 euros.

Both fuels entered at the beginning of the year in an upward trend with which a downward spiral was cut that had led to a reduction of 13% in the case of gasoline, and of more than 12% for diesel, from the maximum that reached in October.

Since January 1, the so-called unique "special type" came into force, the new taxation that taxes the consumption of hydrocarbons and that was regulated by the previous Government of the PP in the PGE of 2018, which has caused a rise in the sale prices to the public of gasoline and the diesel of 10 and 22 cents per liter, respectively, according to data from the National Commission of Markets and Competition (CNMC).

Specifically, since the beginning of 2019, the two sections of the old Retail Sales Tax for Certain Hydrocarbons (IVMDH) were integrated, the 'autonomic section' (which varied between zero and 4.8 euro cents per liter and whose amount was decided by each community ) and the 'state tranche' (which amounted to 2.4 cents per liter) in a single tax. This new tax, called 'special rate', was raised to 7.2 cents per liter and is applied equally throughout the Peninsula and the Balearic Islands.

According to the regulator, the impact of this tax modification is that, although pre-tax prices decreased, there was an increase in retail prices.

With the current prices, filling a medium fuel tank of 55 liters costs about 70.23 euros, about 5.4 euros more than at the beginning of the year, while in the case of diesel amounts to 67.54 euros, about 5.5 euros more than at the beginning of 2019.

The rise in fuel prices since the beginning of the year is also accompanied by an increase in the prices of oil prices.

This Thursday, the barrel of Brent crude, of reference in Europe, traded above the 67.6 dollars, in the same levels as a week ago, while the American Texas was exchanged for about 59.28 dollars.

Gasoline is cheaper in Spain than in the EU average and the euro zone, where the average sale price of the Euro-Super 95 liter of fuel stands at 1,396 euros and 1,433 euros, respectively, while the liter of diesel costs an average of 1.35 euros in the EU – just as last week – and 1,345 euros in the eurozone, slightly lower than seven days ago.

The lower level of final prices with respect to neighboring countries is due to the fact that Spain, despite VAT increases, higher taxes and biodiesel taxes, still has a lower tax burden, in general, than the average community

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