2023 ends with petrol prices in Spain at lowest average in almost two years


BancaMarch: Gasoline has said goodbye to 2023 in Spain at its lowest average price level in almost two years. Three days to go before the end of the year, petrol was averaging €1.532 per litre this week, the lowest level in 2023 and in almost two years, as only in the week of 20 January 2022 was the price lower than this.

On the other hand, and still according to the European Union Oil Bulletin, the price of diesel was being paid last week at levels of €1.493 per litre and, although this was not the lowest price for the year – between the end of April and the beginning of July the price was lower – it does represent a notable change.

Nevertheless, prices remain at historically very high levels, almost unthinkable before the outbreak of the pandemic or the invasion of Ukraine, and which have caused an inflationary escalation unknown in decades.

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The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.