Mon. Apr 22nd, 2019

Gasolines shoot up € 6 per deposit since January

Gasolines shoot up € 6 per deposit since January


The price of fuel chains a new rise. In eve of Holy Week, when they will occur 15.5 million trips, the liter of gasoline, which carries thirteen consecutive rises, exceeded the barrier of 1.30 euros per liter, a level that did not exceed since the middle of last November. In particular, the liter of super 95 a rebound of 1.23% is noted, until the 1,307 euros, according to the data of the Oil Bulletin prepared by the European Commission. For its part, the liter of diesel oil retakes the increases, in this case more moderately, 0.32%, until the 1,232 euros the liter. The diesel breaks the two-week run to the downside, after chaining a sustained rise since the start of the year. With these prices, the price of gasoline is 11% higher than the start of the year, while that of diesel has increased by 9% since January. Thus, filling an average fuel tank of 55 liters costs almost 72 euros, about 7 euros more than at the beginning of the year, while in the case of gas oil amounts to almost 68 euros, about 5.6 euros more than at the beginning of 2019 .

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This rise coincides with the rise in oil prices, with the barrel of Brent crude, the benchmark in Europe, trading above 71 dollars, and with the entry into force since January of the unique "special rate", the new taxation on hydrocarbon consumption, which has led to a rise in retail prices of gasoline and diesel of 10 and 22 cents per liter, respectively, according to Competition data. The new taxation integrates since January the two sections of the old Retail Sales Tax of Certain Hydrocarbons, the "autonomic section" (which oscillated 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.

With the entry into force of the "special rate" -approved in the State Budget of 2018- both fuels broke a bearish cycle that lowered gasoline prices by 13% and diesel oil by more than 12%, from the maximums reached in October 2018. The data collected by the European Commission indicate that in Spain 472.69 euros are collected in indirect taxes for each 1,000 liters of gasoline and 379 euros per 1,000 liters of diesel, in addition to 21% VAT for both fuels .

According to a study prepared by UniversalPay, Spanish drivers will spend 29.7 million euros more on fuel this Easter than at the same time last year.

In spite of everything, fuel prices in Spain are slightly below the eurozone average (1.47 euros per liter for gasoline and 1.3 euros per liter for gas oil).

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