The price of fuel falls slightly but remains above two euros per liter





Fuel prices fell slightly this week, although they remain consolidated above two euros per liter. This Thursday, the diesel becomes cheaper after four consecutive weeks on the rise and is sold to 2,076 euros per liter, which is 2.4 cents less than last week, that is, 1.3%. The 95 gasoline has dropped 1.6 cents and this week stands at 2,112 euros per liter, 0.8% cheaper than seven days ago. These amounts, which include taxes, are those published by the European Union Petroleum Bulletin.

Once applied the reduction of 20 cents per liter approved by the Government, both lower the barrier of two euros and the gasoline is placed at 1,912 eurosMeanwhile he diesel oil stays in 1,876 euros. It should be remembered that these are average prices and some refueling stations exceed these values.

In this scenario, both fuels are more expensive than the average for the euro zone and the European Union. With these prices, and taking into account the summer exit operationusers look for the cheapest gas stations to save before taking the car.

Greater increase in prices at cheap gas stations

The service stations have responded to the bonus of 20 cents per liter with an average increase in prices that ranges between 0.7 cents per liter, in the case of gasoline, and 3.52 cents for diesel, according to a study published this Thursday by ESADE.

The document points to cheapest gas stations: “In both products, it is the gas stations with lower prices that have reacted much more strongly to the change in policy, increasing their prices. This has led to a compression of the distribution of prices. Specifically, in the case of diesel, the cheapest gas stations increased their price between five and eight cents per liter,” the report states.

It also mentions that the independent stations (those without an exclusivity supply contract with a wholesale operator of petroleum products) are the ones that have collected most of the bonus, while retail distributors (which are part of the network of large companies) have done so to a lesser extent.

The study authors suggest that it may be due to “a design flaw” of the Government’s measure with respect to independent service stations. “The system of advances implemented by the Government to provide liquidity to the sector has proved insufficient in the case of independent gas stations with lower prices, which has been able to lead to increase their prices in order to guarantee said liquidity,” the analysis points out.

Along these lines, the authors consider that the big companies “They can afford to carry out this strategy of not raising prices, or even lowering them slightly in the case of 95 gasoline” given that they have the margins of their refining activities, as well as previous higher prices compared to independent service stations .


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George Holan

George Holan is chief editor at Plainsmen Post and has articles published in many notable publications in the last decade.

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