Drivers face costly summer as petrol hits EUR1

29th June 2005, Comments 0 comments

29 June 2005, MADRID — The price of petrol in Spain hit a new high of one euro a litre, promising an expensive summer for holidaymakers as many prepared to take to the roads.

29 June 2005

MADRID — The price of petrol in Spain hit a new high of one euro a litre, promising an expensive summer for holidaymakers as many prepared to take to the roads.

The Spanish industry ministry  said unleaded 95 octaine petrol — the most widely used in the country — is being sold in some areas for EUR 1.09 a litre, or ten percent more than last year.

The price of diesel has gone up more sharply, to climbing 23 percent from June last year to EUR 91.7 a litre.

Petrol and diesel have risen by 16 and 13 percent since January.

The change reflects the increase in the world crude oil prices which is now trading at close to EUR 60 a barrel.

Another factor is the euro is weakening against the dollar.
 
But Spain still enjoys the second cheapest petrol in Europe, after Greece.

Petrol costs 36 percent less than in Holland, the most expensive country.

[Copyright EFE with Expatica]

Subject: Spanish news

 

0 Comments To This Article