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Spain's Diesel and Petrol consumption falls

Source: Bloomberg - Thu 3rd Jan 2013
Spain's Diesel and Petrol consumption falls

The on-going recession and worsening economy in Spain over the last 12 months has taken it's toll on the country's consumption of fuel.

According to a report released earlier today by the 'Corporacion de Reservas Estrategicas de Productos Petroliferos' - CORES - Spain's Gasoline and Diesel comsumption fell significantly in November 2012 when compared to the same period a year previously.

The data in the report went on to show how the demand for Diesel decreased by 6.6% to 1.69 million metric tons, according to preliminary data posted today on the government agency's website. Gasoline use declined 7.8% to 369,000 tons.

In November the Ministry of Public Works also released information showing how traffic on the country's toll roads had fallen by 27% since 2006 .

If the usual trend persued by the Government of falling demand instigating an increase in costs (as seen just last month with both Electricity charges and Toll road fees) persists, then could this mean an increase in the cost of fuel is just around the corner ?

Comment on this Story

The clowns in central Gov't are paid approx 65k for Senior positions, however the mayors of a tin-pot city like Zaragoza are paid 100k
Mr Grumpy - Sat, 5th Jan 2013
Hang on a minute.! It wasn't that long ago that The Clowns were whinging about wanting to REDUCE fuel imports and imposed a temporary speed reduction from 120kph to 110kph and claimed the result as a GREAT SUCCESS. The speed limit of 120kph was reinstated, with recent discussion of increasing to 130kph. Now, they are whinging that income - via tax - has reduced as the result of people not using their vehicles as much (well it would, so my 4yo Grandson informed me - D'oh.!). Remind me again just how much The Clowns are being aid to 'run' this Country. p.s. Don't forget that the Toll Roads have experienced a reduction in traffic because they are too expensive. In response, The Clowns came up with a solution to counter the reduced traffic - increase the price of Toll Roads..!! You couldn't make it up, could you?
David - Sat, 5th Jan 2013

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