SPAIN (Agencies) If you're planning to spend the weekend other than at home, you will find that filling your tank with diesel fuel will cost an average €1.308 per litre, or 24% more than last year, though 95 octane petrol is only 15.8% more expensive at €1.354/litre. But the base price of oil has gone up by a lot more, at 49.5%, so how is the difference explained? Brent oil is not in dact passed on immediately nor in its entirety to the forecourt pumps, though it may seem that way to the ordinary motorist. This is because 48% of the pump price is for taxes, another 10% is for storage - neither of which is impacted by the Brent price. Therefore, the market price will affect only the remaining 40% of the price it takes to fill the car for the weekend. Bon voyage!
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