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Although the weather forecast might not be great for the next few days we’re still heading into the weekend with plenty of good news, as fuel prices across Spain have fallen to their lowest level in a whopping four years.

 

Following a collapse in oil prices a few weeks ago, both petrol and diesel have been in a free fall and today, super-95 unleaded is the cheapest it’s been since October 2021, just a few short months before the outbreak of the war in Ukraine, when crude oil prices began to rise.

 

This is reflected in data from the European Union's Oil Bulletin, which shows that fuel prices have been declining steadily for three weeks and that diesel has reached its lowest level since last October. Moreover, they indicate that petrol is 12.9% cheaper and diesel 10.2% less expensive than a year ago.

 

To top off a weekend of savings, electricity costs will drop to zero euros – and even dip below this – for an 8-hour window on Friday May 2.

 

But back to fuel, and the average price of petrol this week in Spain is €1.47 per litre, a 0.61% drop from last week's €1.479. This is 7.7% lower than at the start of the war in Ukraine in February 2022.

 

Diesel, meanwhile, is €1.384 per litre, 0.72% lower than the previous benchmark price of €1.494. Compared to the end of February 2022, it's down 6.4%.

 

Now for the important question: how much will you have to fork out at the filling station? Well, on average, filling a 55-litre tank of unleaded costs €80.85, 0.50 cents less than the previous week, while filling a diesel vehicle costs €76.12, 0.55 cents less than the last reference price.

 

As usual, the average price of both petrol and diesel in Spain remains below the eurozone average as well as the average cost for EU countries.

 

 

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