Spain to cap gas price hikes as winter looms
The Spanish government plans to limit natural gas price increases to 15 percent to shield consumers from spiralling energy prices due to the Mideast war, Ecological Transition Minister Sara Aagesen said Tuesday.
Spain is implementing a third set of measures to address the economic consequences of the conflict in the Middle East. The government plans to cap the next rise in regulated household gas prices at 15% for the autumn and winter. If no action is taken, gas prices on the regulated tariff would increase by more than 45% from October.
Butane cylinder costs, used for cooking and heating in many homes, would be limited to €19.55. Around 3.1 million customers, or 39% of Spain's gas customers, will be on regulated rates by the end of the first quarter of 2026. The current fuel discounts are set to expire at the end of September. Diesel prices in August were 30% higher than a year earlier, while petrol prices rose by almost 17%. Inflation, driven by energy costs, reached 4.9% in September, the highest rate since February 2023.
Written by urgent.news from Spain in English's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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