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Filling your tank now costs 20% more than a year ago!

If you have noticed that you need to fill your tank more often, or that it seems to be coasting you more than last year; you are correct; it’s not your imagination. 

After major complaints, which lead to a drop in fuel prices last year, prices have jumped sharply in 2010 with weekly increases for the entire month of March recorded on Diesel and over the past weeks for Petrol. This Easter, filling a 50-litre tank of a diesel engine car will cost about 20% more than last year, about €53.60 euros for the privilege, almost nine euros more than in the Easter holidays last year!

It’s the same situation for gasoline. For a few weeks last year, for the first time ever n Spain, gasoline was actually cheaper than diesel! That didn’t last too long and today that 50-litre tank will cost around 59.20 euros; about eleven euros more. 

According to data collected by the Ministry of Industry and Energy, expect to pay an average of 1.05 euros for diesel and 1.16 for gasoline, although by the time you read this, it’s probably risen further!

And over in the UK the AA has reported that Petrol was selling at 110p a litre on 4^th January but is now 111.25 while Diesel sells for just above 113p, a rise for Petrol of 25p and 14.5p for diesel over the last 12-months! The UK now has the twelfth highest unleaded price in Europe and the second highest diesel price. 

With today’s exchange rate, Spain can’t be too far behind. According to www.whatprice.co.uk, from what you pay at the pump, over 60% of that goes directly into the government’s pocket, so when you next complain about the profits that the oil industry are making, remember who really is raking in the euros and pounds and euros, no matter how much they might preach about going green! 

If we all went green, from where would the government then find their tax revenue? That’s a quandary that they still have to answer to.  In the meantime, you’ll just have to dig deeper over Easter, if you're travelling by car.

(fuel price data is supplied by Experian Catalist in cooperation with Arval UK Ltd).

News story by Keith Nicol mcij (Tel: (+34) 609 06 36 14)

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