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Spain Gasoline and Diesel Hit Year-End Lows After Fourth Weekly Drop

A government plan to raise fuel taxes in 2026 could temper the relief.

Overview

  • EU Oil Bulletin data show petrol averaging €1.451 per litre and diesel about €1.40, both at their lowest levels of 2025 after a fourth consecutive weekly decline.
  • Week-on-week, gasoline fell roughly 1.3% and diesel 1.7%, extending a short-term downward trend.
  • Spain’s pump prices remain below the European Union and eurozone averages, according to the latest figures.
  • In Gipuzkoa, prices around €1.45–€1.46 per litre returned to levels last seen in summer 2021, putting a 50‑litre fill near €72.5–€73.
  • Increased oil supply from major producers alongside softer global demand has helped drive prices down, with current levels below those recorded at the onset of the Ukraine war.