The average price of fuels in Spain has risen again this week, after the last week cut the downward spiral of the last month that had led to five consecutive falls, and has become more expensive by up to 5%, making diesel appear at the level of 2 euros per liter.

Specifically, the average price of a liter of gasoline has risen this week by 2.63%, to stand at 1,756 euros, its highest level since the beginning of September, according to data from the European Union Oil Bulletin collected by Europa Press .

In the case of diesel, the rebound this week has been 5% compared to the previous one, to climb to 1,949 euros per liter, its maximum price since mid-July.

Despite this rise, both fuels remain far from the highs they reached this summer, when in July gasoline reached 2,141 euros and diesel 2.1 euros.

Likewise, gasoline remains below the levels prior to the entry into force of the aid of 20 cents per liter approved by the Government at the end of March -1,818 euros per liter-, although in the case of diesel it exceeds that level – 1,837 euros-.

This week, the First Vice President of the Government and Minister of Economic Affairs and for Digital Transformation, Nadia Calviño, opened the door for the fuel bonus, in force until December 31 of this year for the entire population, to be limited for certain sectors and groups affected in the event that it is decided to extend it for a longer period of time.

In addition, the average price of a liter of diesel in Spain remains above that of gasoline for the tenth consecutive week, with a gap of just over 19 cents.

This average amount of both fuels includes taxes, but does not reflect the discount that came into force since last April 1 of at least 20 cents per liter, since there are higher discounts, depending on the oil company and the promotions to customers. loyal.

Counting on this subsidy, the price of a liter of gasoline would be 1,556 euros, while that of diesel would be 1,749 euros, in both cases clearly lower than those marked at the end of March, before the entry into force of the aid.

Compared to the same week a year ago, collecting the subsidy, the price of a liter of gasoline is almost 5% more expensive than a year ago, while in the case of diesel the price is almost 29% higher.

These figures are recorded in an environment of high crude oil prices in the current context, marked by the war in Ukraine. Thus, this Thursday the barrel of Brent, a reference in Europe, was trading above 93 dollars, while the American Texas was exchanged around 86 dollars.

The price of fuel depends on multiple factors, such as its specific price (independent of oil), the evolution of crude oil, taxes, the cost of raw materials and logistics, and gross margins. In addition, the evolution in the price of crude oil is not transferred directly to fuel prices, but rather with a time lag.

With these levels, the price of unleaded gasoline of 95% remains in Spain below the average of the European Union, located at 1,831 euros per liter, and of the eurozone, with an average price of 1,884 euros.

In the case of diesel, the price in Spain is lower than the EU average, which is 1,970 euros, and also that of the euro zone, with a price of 2,008 euros.