Spain is grappling with a persistent rise in fuel prices, as global oil market disruptions continue to exert pressure on the country’s fuel costs. The situation is compounded by geopolitical tensions in the Middle East, impacting crude oil markets worldwide. This has led to an 11-week streak of increasing petrol prices across Spain, with Aragón seeing prices at over 150 service stations surpassing the €2 per litre mark.
As of September 17, the national average price for regular petrol reached €1.866 per litre, marking a 2.88% jump in just a week. Diesel prices have also climbed, now standing at €1.834 per litre after a short-lived decline. These increases are placing a substantial financial burden on Spanish motorists, who are already contending with the rising cost of living.
The situation is likely to intensify as the Spanish government’s temporary fuel discount is set to expire on September 30. This discount currently offers a 5-cent per litre relief on petrol and 20 cents on diesel. Industry forecasts suggest that the removal of this discount could increase diesel prices beyond €2 per litre and bring petrol prices close to this threshold.
Fuel price variations across service stations add another layer of complexity for consumers, who are increasingly comparing prices to manage household expenses. Spain’s heavy reliance on imported crude oil makes it particularly susceptible to fluctuations in the global oil markets, a factor that is becoming increasingly evident as prices continue to climb.