Post by account_disabled on Mar 6, 2024 11:00:12 GMT
That the evolution of consumption reached 57.7 million tons. That is, it rose 8.1%, although it is still 3.5% below what was consumed in 2019, the last normalized year before the pandemic. Last year's increase contrasts with the potential contraction in fuel consumption that could be expected due to the historically high prices that reached all raw materials after the outbreak of the war in Ukraine, and the sanctions against Russia that triggered supply problems. The tension was of such magnitude that the Spanish Government, like others in Europe, launched an aid policy to subsidize access to fuel with discounts of 20 cents per liter since April and which were maintained throughout the year, while The big oil companies took advantage of these discounts among their clients of up to 30 cents in some cases. The outbreak of war skyrocketed prices, which in the case of gasoline and diesel reached maximums in June In this proportion, gasoline increased its demand by 9.7% compared to 1.5% for automotive diesel.
The latter continue to represent 55% of all petroleum products consumed in Spain. The AOP report indicates that the price of both products was "directly affected by international crude oil prices in the first half of Job Function Email Database the year and already refined products in the second." It is worth remembering that both gasoline and diesel marked all-time high prices in the month of June, reaching 2.13 euros per liter of gasoline and 2.09 euros per liter of diesel. And for quite a few days throughout the year the, until then, strange market situation occurred in which the price of diesel was above that of gasoline. Gasoline demand was the highest since 2009 despite the fact that the price exceeded 2 euros per liter Historical prices that did not prevent gasoline from reaching the highest demand since.
The rise in prices did not stop products more linked to work activity, such as fuel oils, which grew by 22.3%. The other surprising point of the AOP report is the increase in the number of low-cost gas stations when in the spring, these service stations repeatedly complained about the risk to their stay in business. Specifically, the year 2022 closed in Spain with more than 12,000 gas stations in operation; 12,084 specifically. With high prices and more demand, the evolution seems logical. But, April and May were turbulent times in the sector. It was when, after the outbreak of the war or, rather, since the big oil companies first and then the Government applied discounts on fuel prices. The mandatory discount was 20 cents per liter. The methodology chosen for its application was that of service stations advancing the amount that would later be paid via Treasury settlement.
The latter continue to represent 55% of all petroleum products consumed in Spain. The AOP report indicates that the price of both products was "directly affected by international crude oil prices in the first half of Job Function Email Database the year and already refined products in the second." It is worth remembering that both gasoline and diesel marked all-time high prices in the month of June, reaching 2.13 euros per liter of gasoline and 2.09 euros per liter of diesel. And for quite a few days throughout the year the, until then, strange market situation occurred in which the price of diesel was above that of gasoline. Gasoline demand was the highest since 2009 despite the fact that the price exceeded 2 euros per liter Historical prices that did not prevent gasoline from reaching the highest demand since.
The rise in prices did not stop products more linked to work activity, such as fuel oils, which grew by 22.3%. The other surprising point of the AOP report is the increase in the number of low-cost gas stations when in the spring, these service stations repeatedly complained about the risk to their stay in business. Specifically, the year 2022 closed in Spain with more than 12,000 gas stations in operation; 12,084 specifically. With high prices and more demand, the evolution seems logical. But, April and May were turbulent times in the sector. It was when, after the outbreak of the war or, rather, since the big oil companies first and then the Government applied discounts on fuel prices. The mandatory discount was 20 cents per liter. The methodology chosen for its application was that of service stations advancing the amount that would later be paid via Treasury settlement.