Automatically translated from Basque, translation may contain errors. More information here. Elhuyarren itzultzaile automatikoaren logoa

Suspicion of the International Monetary Fund: at the end of the discount, have gas stations exaggerated prices?

  • Taking advantage of the cancellation of aid of 20 cents, the International Monetary Fund considers that gas stations have increased fuel prices. Since the cancellation of aid, fuels have increased by around 15%. The fund questions the effectiveness of the Spanish Government’s measure.
Artikulu hau CC BY-SA 2.0 lizentziari esker ekarri dugu.

26 January 2023 - 08:05
Zarata mediatikoz beteriko garai nahasiotan, merkatu logiketatik urrun eta irakurleengandik gertu dagoen kazetaritza beharrezkoa dela uste baduzu, ARGIA bultzatzera animatu nahi zaitugu. Geroz eta gehiago gara, jarrai dezagun txikitik eragiten.

Between April 2022 and January 2023, the Spanish Government subsidized 20 cents per litre of petrol or diesel. At the beginning of the new year the discount is suspended and there are doubts about the effectiveness of the measure. The International Monetary Fund (IMF) clearly states that, by cancelling a 20 cent discount, gas stations suspect that fuel prices have increased. "Gas stations may increase prices in response to the measure [discount]," experts say.

Since the end of the 20 cent aid, fuel prices have risen by around 15%. Estimates indicate that between 0.7 and 3.5 cents per litre of petrol 95 and 3.7 to 6 cents per litre of gas oil A. If these estimates are confirmed, using the discount and its completion, energy companies have made profits of EUR 1.5 billion. Of the public coffers, EUR 5.7 billion has been earmarked for the application of discounts in previous months.

According to the International Monetary Fund, the "independent gas stations" have been the ones that have most increased prices and, therefore, the ones that have most tested the government measure. Experts say that the amount they had to advance by applying the discounts could have a greater impact on these gas stations, and that is why prices have now risen.

Experts have therefore stressed that the policies of the Spanish Government were wrong. In conclusion, the price increases that can be seen at the moment are mentioned, as well as the lack of specification of the discounts applied through public coffers, recalling that the economic situation of the consumer was not taken into account when establishing the discount.


You are interested in the channel: Ekonomia krisia
2024-06-19 | ARGIA
Doctors and pediatricians missing in Bortziri and Baztan
They have gone to the streets to denounce the lack of doctors and pediatricians from Bortziri and Baztan, the endless waiting lists and the delay in appointments, among others. “Those of us who live in rural areas also deserve proper attention.”

Europe opens the door to the far-right converted into merchandise
The prices of housing and rents continue to rise without limits, which has left millions of people in a very precarious situation: young people cannot afford to emancipate themselves, they have kicked many citizens of their neighbourhood, and for many the only solution is to... [+]

The drop in interest rates, how will it affect the housing crisis?
The European Central Bank will cut interest rates this Thursday, after two years of continuous growth. The increase or decrease in money has a direct impact on Euribor and the mortgages that citizens have to pay. But how will this change be noticed?

Return of austerity
They take on the new tax rules in Brussels and open the door to social cuts
The European Union is on track to return to the strict pre-pandemic tax rules, following the adoption by the European Parliament of new fiscal measures to limit the deficit and indebtedness of Member States. According to the Ecofin decision at the end of 2023, this will mean... [+]

European Central Bank announces "structural reforms" to meet defence spending
Luis de Guindos, Vice-President of the European Central Bank, spoke in Barcelona of the European "threats": "We have to talk again about structural reforms".

Analysis
Tax reform at the moment

The Araba, Bizkaia and Gipuzkoa Foral Haciendas have just extracted the data from the collection, and we have seen that they have received more money than ever before. They soon announce that they will take the necessary margin for reflection on tax reform, because there is no... [+]


The neoliberal Europe of 2024 has a northern austerity policy of Schäuble
The Ecofin Council of the European Union’s Finance and Finance Ministers has given us stricter tax rules in the new year. The return of austerity policies will result in a change of direction after the pandemic and a further reduction in public investment and cuts by... [+]

More expensive life without cuts: electricity, gas, municipal taxes and highways
In Hego Euskal Herria, only one beneficial measure currently in force will continue to apply, at least until June: not paying VAT on basic food.

Austerity policies
This is the year 2024: welcome to the "normality" of neoliberal Europe
The Council of Ministers of Economic and Finance of the 27 countries of the European Union has agreed on 20 December to establish stricter tax rules. The return of austerity policies will mean a change of direction in recent years and a further reduction in public investment and... [+]

2023-10-25 | ARGIA
ARGIA publishes ‘Planet Precario’ by Pello Zubiria, chronicle of crises and resistances of the 21st century
ARGIA has published, with the help of journalist Pello Zubiria Kamino, an essential book that offers the keys to understanding the present world and the future. This is a paper that tells the crises and resistance of many parts of the world from twenty years of articles in the... [+]

Strike in the public sector: Trade unions call 150,000 workers out on the street
Today a strike takes place in the public sector of Araba, Bizkaia and Gipuzkoa, convened by the unions ELA, LAB, CCOO, Steilas, SATSE and ESK. The first pillars start early in the morning and the biggest demonstrations will take place at noon in the capitals.

2023-10-18 | ARGIA
Iberdrola is tried accusing him of exaggerating the price of electricity
In the midst of the economic crisis, the Spanish Market and Competition Commission concludes that in 2013 Iberdrola artificially manipulated and increased the electricity price, forcing consumers to pay an additional €96.7 million. In the course of the trial against the... [+]

Analysis
Macroeconomics without micro

The Consumer Price Index (CPI) declines back to its position in the case of the Spanish State, which is already below the 2% established by the current economic doctrine. The evolution of underlying inflation is slower, but, well, policy makers have been satisfied and announced... [+]


2023-06-23 | ARGIA
A complex centre in Vitoria denounces the lack of resources and the cuts suffered
Students of the Federico Baraibar Institute of Vitoria-Gasteiz have delays and educational needs associated with the lack of languages. They denounce that there is always a shortage of resources, but that for the next course they will have cuts in the resources allocated by the... [+]

The Federal Reserve EE.UU. stops making money expensive for fear of recession and further bank collapse
The Federal Reserve has decided to maintain interest rates for the first time in a year, after a steady increase. The main argument is that inflation has fallen, but behind there are more ghosts, such as the economic recession and doubts about the situation in the American... [+]

Eguneraketa berriak daude