Spain drivers get another month of fuel relief as November discount is confirmed

Fuel tax relief in Spain will continue for a further month, despite earlier predictions of a reduction. The 20-cent fuel tax cut, which had been set to decrease to 13 cents in November and 6 cents in December, is staying in place. This decision comes after government officials noticed that petrol and diesel prices were excessively high compared to last year, triggering the government's safety net.

According to the National Statistics Institute, petrol prices rose by 27.5% in September compared to the same period a year ago, and diesel prices increased by 34%. The conflict in the Middle East has been a significant factor in driving up oil prices. The cut will save drivers around €10 on a 50-litre tank, excluding VAT. However, the savings only apply if fuel retailers pass them on to customers.

The discount does not extend to the Canary Islands, Ceuta, or Melilla. Spain currently has one of the lowest tax rates on petrol among its European neighbors, with taxes accounting for only 34.4% of the price per litre. The 20-cent cut is expected to revert to 13 cents in December, depending on October's inflation figures released in mid-November.