check diesel and petrol prices this week
The price of diesel fuel is recovering for the second week in a rowwith an increase of 0.5%. Meanwhile, gasoline prices have remained stable for the third week, according to the European Union Oil Bulletin.
In particular, the average price a liter of diesel fuel this week cost 1,406 euros, becomes more expensive compared to seven days ago it reached 1,399 euros. For my part, a liter of gasoline is set at 1,504 euros.just 0.022% higher than last week.
Price of both types of fuel In 2024, the first increase in three months began.after a series of falls that saw it bid farewell to 2023 at its lowest levels of the year. This year, gasoline decreased by 8.9%, diesel fuel – by 9.2%.to mid-October, thanks to the downward spiral recorded since July.
Fill up your tank for up to 11 euros cheaper than a year ago
At current prices, refilling an average tank with a volume of 55 liters diesel has a cost of about 77.33 euros.approximately 11 euros less than on the same days last year. For gasoline vehicles, filling the middle tank is payout about 82.76 euroswhich is approximately 6.3 euros less than in the same week in October 2023.
Thus, both fuels continue far from the highs recorded in the summer of 2022 and below the level that existed before the start of the war in Ukraine. Except, the price of diesel fuel is now 90 weeks lower than the price of gasoline Thus, the usual situation before the Russian invasion remains, due to which diesel fuel was more expensive than gasoline until mid-February 2023.
Prices in Spain are lower than the European average.
At these levels, the price of 95 unleaded petrol in Spain remains below average. The European Union is at the level of 1639 euros per liter.and from the eurozone with an average price of 1691 euros. In the case of diesel fuel, the price in Spain is also lower than the EU average of 1,545 euros.and from the eurozone, where its price is 1,571 euros.
In this scenario also We need to look at the price of crude oil. A barrel of Brent, the European benchmark, added 1.65% before the official market opening. $74.02 per barrel. On the other hand, West Texas Intermediate (WTI), the US benchmark, rose 1.79% to $69.99 per barrel. The current revaluation of these barrels is associated with the escalation of the conflict between Russia and Ukraine.
The price of fuel depends on many factors, such as its specific quote (irrespective of oil), evolution of crude oil, taxes, cost of raw materials and logistics, gross margins and geopolitical issues. Of course, crude oil price dynamics does not directly affect fuel pricesbut does it with a time delay.