Gasoline will increase by 5.5 cents and diesel by 0.5 cents per liter on the first Monday of 2023.

If you need to fill up your car, it’s best to do so before Monday 2 January 2023. According to sources in the oil industry, petrol will be updated by 5.5 cents per liter, which will put your price at €1.655, €3.8. Less than two cents per liter compared to January 3, 2022. In the case of diesel, the pump cost should jump 0.5 cents to €1.612, ten cents per liter more than last year.

At the moment, market fluctuations (global oil, gasoline and diesel prices) still control the bulk of the weekly changes, but the financial part could be a factor aggravating household budgets in 2023.

Environment and Climate Action Minister Duarte Cordero on Thursday ruled out an abrupt reduction in the exemption from paying a carbon tax, stating that the government was “working towards a gradual, incremental solution”. The carbon tax added to the cost of gasoline and diesel by about 5 cents per liter, before it was frozen at the end of 2021.

At the beginning of the month, when the tax rebate on petroleum products (ISP) was reduced by 3.9 cents per liter of diesel and 2.4 cents per liter of petrol, the Finance Ministry announced that the carbon tax update would remain pending. until the end of the year.

This week the Spanish executive announced the end of the 20 cents per liter subsidy on the retail price of fuel. However, prices in Spain should continue to fall, as the Portuguese government has raised the ISP and has already acknowledged the gradual restoration of the carbon tax.