Fuel Prices Fall for Fourth Consecutive Week
August 23rd, 2013
The price of petrol has marked its fourth consecutive week of declines, after falling by 0.13% to stand at 1.448 euros per litre, and so far this month has accumulated a decrease of 1.42%, according to data from the European Commission Oil Bulletin.
Meanwhile, after three weeks of declines, the price of a litre of diesel has broken its downward trend, and increased slightly this week by 0.07%, to 1.36 euros. Nevertheless, so far in August the price of diesel has accumulated a decrease of 1.23%.
Thus, despite the surge in prices in late July, fuel prices are still far from the record highs of last August (1.518 euros per litre for petrol, and 1.522 euros for diesel).
Furthermore, with respect to the same week last year, the price per litre of petrol and diesel is cheaper, in both cases, by more than 4%.
El Economista reported that, at current prices, filling a petrol vehicle with an average 55 litre tank costs 79.64 euros, more than three euros less than in the same week last year. For a diesel tank, the cost would be 74.8 euros, also more than three euros less.
These fuel prices are recorded in a week when international oil prices have eased slightly, after the previous week’s rise. Fuel prices in Spain, however, are still less than the EU average, where a litre of petrol costs an average of 1.593 euros, and 1.626 euros for the eurozone. For diesel, the price per litre averages 1.446 euros in the EU-27, and 1.429 euros in the eurozone.
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