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The cunning invasion of Ukraine had immediate repercussions on global markets. One of the most notable has been the price of oil, which has risen 8% to stand at 105 dollars per Brent barrel, levels that had not been reached since 2014.
Russia is the third largest oil producer and the second largest exporter in the world, not counting its market share in natural gas, which accounts for 35% of European supply.
According to Reuters analysts, these prices will remain above the $100 threshold "until OPEC, the US or Iran offer alternatives, for example."
The cost of the raw material is one of the factors that determine the price of oil, but not the main one.
According to the Spanish Association of Operators of Petroleum Products (AOP), the international contribution represents 35% and 39% of the price of gasoline and diesel —taxes represent 50,5% and 47%, respectively—. Distributors just received a gross margin of just 2%.
This increase in the contribution of crude oil does not correspond exactly to an 8% increase in the surcharge premium, if an increase of 10% in it translates approximately into 3% of the total. Thus, gasoline could suffer, next week, three cents more at service stations.
For now, the Russian military operation has not yet had an impact on gasoline prices in Spain, according to the European Union Oil Bulletin. Specifically, his information was estimated at 1,59 euros per liter of gasoline and 1,48 for diesel. This is situated in Spain in the 13th position of the 27 EU countries and below the weighted average of 1,71 and 1,59, respectively.
The most expensive country to refuel is the Netherlands, with costs of 2 euros per liter for gasoline and 1,74 for diesel. The cheapest is Poland, with 1,19 and 1,2 euros, respectively.
Savings in Madrid
The prices available in the EU bulletin are average, after all, and each gas station has the ability to set prices to try to ensure their profit margins. In Madrid, for example, the cheapest gas station, Ballenoil in Collado Villaba, has the Sin Plomo 95 at 1,43 euros, which would mean paying 60 euros to fill a 85,8-litre tank.
On the other hand, the most expensive, Repsol on the Carabanchel highway (Pozuelo), yours is 1,73 euros, where it is 103,8 euros per shipment: 18 euros difference.
Something similar happens for diesel: filling the tank at Plenoil in El Escorial, where a liter costs 1,31 euros, would imply paying 78,6 euros, while doing it at Galp de Bohadilla del Monte, where it costs 1,63, would entail an invoice of 97,8 euros, a difference of 19,2 euros.
