Sunday, September 24, 2023

The payment of the deposit increases in just one month between 6 and 8 euros

After a period of unique stability for a market that is constantly fluctuating, comes “escalation”. It includes the price of the most demanded fuels, gasoline 95 and diesel A.

In the province of Burgos, both fuels have increased by almost 7% and 10%, respectively, in just one month, which translates to an increase in the cost of filling an “average” 55-liter tank by six to eight euros. Thus, a usual gesture during a holiday period like this costs 94 euros if the vehicle is equipped with a 95 petrol engine, compared with 88.5 euros in mid-July, and 88 euros compared with 80 if the engine is powered by an A diesel.

It may seem like a small increase, as the current price of €1,719 per liter for petrol and €1,601 for diesel is still a long way from the all-time highs set in June last year and is over two per liter in both cases.

However, it is worth considering that at that time the direct discount for these fuels was 20 cents, which was activated in April 2022 and extended several times until December 31 last year, when the bonus applied exclusively to transport professionals.

A Trucker Fills The Tank At A Petrol Station In Burgos.  Diesel Is The Fuel That Has Become More Expensive In The Last Year.  Tomas Alonso

In fact, the application of this aid to the official price of a year ago, which appears in the history of the so-called Geoportal, where the Ministry of Ecological Transition and Demographic Challenge collects the data on energy costs, shows a higher real cost at present.

In concrete terms, this meant that on average, refueling at the gas stations in the federal state meant an expense of 1.83 euros per liter for petrol and 1.87 euros per liter for diesel A; the discount was reduced to 1.63 and 1.67, respectively. This simple illustration shows that, at least in the first case, consumers are already paying more for refueling today than they were a year ago.

The same will also happen with diesel, sooner rather than later if the current upward trend, which clearly began at the end of July, continues, always according to official data, relating in particular to the province of Burgos, when the trend is identical on the whole Country.

And it was exactly on July 20th that the ascension began. Until then, the “development” of petrol and diesel prices had been uneven. While the former remained calm and remained stable at 1.6 euros per liter since January, rising a tenth, falling a tenth and even ending May with an average price of 1.598, the diesel began a noticeable decline at the beginning of 2023, starting from 1,707 euros per liter, up to May 1,428, in both cases the cheapest month. In this case, the difference was €15 per full deposit in just five months.

Experts point to the recent surge in the price of a barrel of Brent, a benchmark in Europe, as the logical and main cause of the boom, fueled by a tight market and tight supply.

Getting back to local reality, the monthly report for July, currently available on the Ministry of Green Transition’s website, places the province of Burgos in the middle range in the country relative to fuel costs, with 17 cheapest areas in half. The list of diesels is closed by Lleida with a price of 1.417 euros per liter and has the dubious honor of being topped by the Balearic Islands with 1.56, followed by Asturias, also above 1.5.

Burgos moves up the gasoline price table, surpassing 25 provinces. The first and the last are repeated.

World Nation News Desk
World Nation News Desk
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