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ARCHIVED - Rising petrol prices in Spain add to the misery of record high electricity and gas prices
Forecourt prices in Spain are now at their highest levels in 7 years according to EU data
The summer of 2021 is becoming a difficult one for consumers in Spain, with record high electricity bills being compounded by sharp increases in petrol prices and the recommended price for the butane gas canisters which are used by millions of households, not only for winter heating but also for cooking and the heating of domestic water supplies.
The average price per Megawatt hour of electricity in Spain rose to yet another all-time high on Tuesday of 111.88 euros, a full 5 euros higher than the previous record of the day before, and at the same time petrol and diesel forecourt prices have risen by between 20 and 22 per cent in comparison with August last year. The cost of filling a standard 55-litre tank with petrol now stands at 55 euros, as much as 14 euros more than a year ago and the highest since September 2014, with average prices now at 1.427 euros per litre according to the weekly oil bulletin issued by the EU.
At the same time, the average price of a litre of diesel fuel has reached 1.273 euros, the highest since November 2018, and Fernando Móner of the Consumers and Users Federation (CECU) describes the situation as “unacceptable”, calling on the national government to take steps to alleviate the pressure on the pockets of members of the public.
He points out that over 60 per cent of the price of car fuel is accounted for by various taxes and demands relief for consumers who are already facing steep electricity and gas bills.
Reports compiled by other consumer associations show that the cheapest of Spain’s 50 provinces to buy petrol and diesel are Almería, Lérida, Murcia, Valencia, Teruel, Zaragoza, Huesca, Soria and Navarra, but of course there are wide discrepancies among the prices from one forecourt to another, and in general terms market prices are decided by the three largest distributors (Repsol, Cepsa and BP).
The price of butane gas canisters in Spain recently reached a 6-year high of 15.37 euros, having risen from 11.27 euros since July 2017.