The price of gasoline reaches a new historical maximum and 'eats' already 75% of the Government subsidy

• Energy The EU agrees to the embargo on Russian oil this year, but only partially and with exemptions

The

has continued this week with its climb and has reached a new historical maximum, rising to

, after registering a rise of 1.44% compared to seven days ago, according to data of

collected by Europa Press.

That average amount includes taxes, but does not reflect the discount that came into force since last April 1 of at least

, since there are higher discounts, depending on the oil company.

This Wednesday, the President of the Government, Pedro Sánchez, confirmed that he will extend the anti-crisis plan beyond June 30, the initial date for the end of the discount.

Counting on this subsidy, the price of a liter of gasoline, after chaining its

, would be just five cents cheaper than in the last week of March, before the discount began to be applied, with what the increase in prices recorded by this fuel since then has already absorbed 75% of the aid.

In the case of

, the average price per liter, unlike gasoline, has become cheaper again this week, for the third week in a row, with a decrease of 0.8%, to stand at

.

In this way, despite this high price level for diesel, this fuel has recorded a more favorable evolution since the beginning of March than that of gasoline.

Thus, when applying the reduction of 20 cents per liter, its amount would be 18.5 cents less than at the end of March.

Compared to a year ago,

more expensive, while in the case of diesel it is 56.5% more expensive, although without taking into account the discount currently in force.

oil rise

These prices are recorded in an environment of constant rises in crude oil in the current context, marked by the invasion of Ukraine by Russia.

Thus, the barrel of Brent, a reference in Europe, was trading this Thursday above 113 dollars, while the American Texas was exchanged at just over 112.5 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 this way, the evolution in the price of crude oil is not transferred directly to gasoline prices, but rather with

.

Below EU levels

With these levels,

, located at 2.01 euros per liter, and of the euro zone, with an average price of 2.073 euros.

In the case of

, after a few weeks above, the price in Spain is once again lower than the EU average, which is 1,856 euros, although it is below that of the euro zone, with a price of 1,894 euros.

The lower level of final prices with respect to surrounding countries is due to the fact that Spain, despite VAT, higher taxes and levies on biodiesel, continues to have lower fiscal pressure, in general, than the community average.

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