Fuel prices fell again this week, with an expected average reduction of two cents per liter for diesel and one and a half cents for gasoline, as a result of the evolution of global prices for Brent oil and refined products. It’s the second straight drop, after three weeks of climbing.
This means that based on the average price available on the website of the General Directorate of Energy and Geology, the price of simple diesel should start this next week, 1.93 euros per liter and simple 95 gasoline should drop to 1.81 euros. Liter.
So the cost of gasoline is the same as before the Russian invasion of Ukraine. It was already lower, in August, and remained so for nine weeks, until October 10, when it rose to 1,825 euros per liter. The following week it reached an average of 1,886 euros.
As for diesel, despite this additional decline, it is still 16.5% above pre-war levels. The explanation lies in the fact that Europe has a diesel deficit, a situation exacerbated by the strikes at refineries in France and the increased demand for diesel as a source of heating, as an alternative to natural gas, whose prices are unusually high. .
The petroleum products tax (ISP) rebate that will take effect from November has yet to be determined, as the government decided in October to cut it by 4.4 cents on gasoline and 0.1 cent on diesel.
Andrea Hargraves is a contributor to Brytfmonline.com, covering a broad range of topics including news, politics, business, technology, sports, entertainment, and lifestyle. She is committed to delivering clear, accurate, and reader-focused reporting that helps audiences stay informed about current events and emerging developments. Andrea’s work emphasizes useful information, balanced coverage, and stories that matter to everyday readers, making complex topics accessible and relevant to a wide audience.