The value of fuel changes every day (Infobae)

This is the price of gasoline, diesel and diesel in Madrid, Spain. The most expensive and cheapest amounts for this Monday, May 8, according to information from the Ministry for the Ecological Transition and the Demographic Challenge.

The cost of fuels changes daily, so it is vital to stay informed about its value so that you are not caught by surprise.

It should be mentioned that the value of fuels are defined by a number of factorssuch as the international crude oil priceof products and of the dollaras well as by taxesfurther distribution expenses and commercialization.

The first three items are defined by the market, taxes are set by government authorities, and the distribution and marketing margin depend on geographic location, relations between oil companies and distributors, among others.

biodiesel
Maximum price: 1,999 euros per liter
Minimal price: 1,799 euros per liter

bioethanol
Maximum price: 2,499 euros per liter
Minimal price: 1,862 euros per liter

Liquefied natural gas
Maximum price: 1,565 euros per liter
Minimal price: 1,565 euros per liter

Liquefied Petroleum Gases
Maximum price: 1,169 euros per liter
Minimal price: 1.15 euros per liter

Diesel A
Maximum price: 2.5 euros per liter
Minimal price: 2.15 euros per liter

Diesel A Premium
Maximum price: 2,999 euros per liter
Minimal price: 2.06 euros per liter

Petrol 95 E10
Maximum price: 1,869 euros per liter
Minimal price: 1,799 euros per liter

Petrol 95 E5
Maximum price: 2,299 euros per liter
Minimal price: 1.95 euros per liter

Gasoline 95 E5 Premium
Maximum price: 1,899 euros per liter
Minimal price: 1,836 euros per liter

Petrol 98 E10
Maximum price:1,995 euros per liter
Minimal price: 1,829 euros per liter

Petrol 98 E5
Maximum price: 2,999 euros per liter
Minimal price: 2.5 euros per liter

The price of fuel in Madrid changes every day (Reuters)
The price of fuel in Madrid changes every day (Reuters)

In the particular case of information published in this note on gasoline prices in Madridthis and that of the rest of the country is published on the official page of the “Gas Stations Geoportal” of the Ministry for the Ecological Transition and the Demographic Challenge.

For this, each of the gasoline station operators must send your costs at least once a week -every Monday- or every time they change their prices.

Those gas stations that do not update their cost data not only will disappear from the “gas station geoportal” but also can be denounced for breach.

Fuel stations can also be penalized for report costs other than those actually offered to his clients.

In the case of fuel prices in general, their variation depends on various factors, both national and international.

Although, the international oil price It is the basis for knowing the price at which a liter of fuel can be sold, the truth is that it does not depend directly.

First, it must be considered that in international markets, the oil is quoted in dollarswhile in Spain gasoline is sold in euros.

If the international price of oil falls by 5%, but during the same period the dollar appreciates by 10% against the euro, it is to be expected that the sale price of fuels in euros will rise. And vice versa.

To this we must add two factors: the trade margin, which changes daily, like the international price of oil and the exchange rate; as well as the special taxeswhich may vary annually.

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