Gasoline rises 40% from the lows reached in the pandemic and is already at levels not seen since 2013

Filling a 95 fuel tank costs at the moment about 75 euros.

A woman pouring gasoline in a stock image.

Add and Go. Gasoline seems to have no ceiling and continues to rise in price. At this time a 95 liter of gasoline is paid at 1,505, which supposes levels that were not seen since February 2013, and that supposes an increase in price of 40.3 from the minimum reached during the pandemic.

Not just gasoline. The diesel oil it is also setting highs. In this case the liter is in the 1,381 euros, which means being at prices similar to those of September 2013. If analyzed from the lows of the pandemic, when the liter of automotive diesel was at 0.981 euros, it represents an increase of 40.7%.

What does this price increase respond to? Basically to the increase in the price of crude oil in recent months. The barrel of Brent, a benchmark in Europe, has risen 56% so far this year. This has influenced the international prices of gasoline and diesel; what makes this is reflected in the pump.

Fall of the Brent

This price increase is due to the recovery of international mobility after the closure caused by the pandemic. Proof of this is that back then a barrel of Brent crude plummeted to $ 19 which came to play in May 2020.

If the data from the Association of Oil Operators (AOP) relative to September, there you can see how the consumption of automotive fuel has risen by 9.3% in September compared to the same month last year. And so far this year it has risen 14%.

In practice, this means that filling a 50-liter gas tank costs at the moment 75,25 euros in the case of 95 octane gasoline. In the case of diesel, a tank costs 69,05 euros.

It should be remembered that all the components of the product are included in the price paid per liter of gasoline. That is, from when the raw material is purchased until it reaches the warehouse. So how is it divided? Let’s do the math.

According to the AOP data of the 1,507, about 34% are data related to the wholesale cost. Between 16 and 18% respond to distribution costs and margins; while the rest, between 48% and 51% are taxes, both the special hydrocarbons and VAT.