Slowly rising

ACCORDING to the latest data published on Thursday, March 16, in the European Union Oil Bulletin, the average price of diesel has risen in Spain for the first time since the end of January. Similarly, petrol has also gone up in price again. A litre of diesel stands at €1.592, while petrol is €1.644/litre.

Both fuels suffered their biggest rise since the force of the veto on imports of Russian petroleum products on February 5. Petrol has risen by 0.74 per cent compared to €1.632/litre in comparison to last week. In previous weeks, diesel had shown a downward trend, which has now come to a halt, seeing a small rise of 0.19 per cent

Before the arrival of the veto on imports of Russian oil derivatives, analysts had predicted a huge price rise, which has not yet arrived thankfully. With Easter fast approaching, it remains to be seen if the price increase consolidates as a trend in the coming weeks.

This data includes the average price registered in more than 11,400 Spanish service stations between March 7 and 13.