Spain Fuel Rate

Calculation Method

  • The starting point of the diesel rate one month prior to the initial offer, is set to 0.
  • Diesel is not invoiced on the starting month of the contract.
  • The current month is calculated based on the diesel rate of the previous month.
  • Each line signifies a 1 percent increase.
  • The increase rate for the following months is added to the invoice based on the freight rate.
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PUBLICATION
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CE/EC/EG EUR 28 (IV)
SPAIN
€/ 1.000 Liters
7/5/20211.363,191.253,82
7/12/20211.367,581.262,57
7/19/20211.370,661.267,52
7/26/20211.368,331.263,72
0,00
8/2/20211.372,861.269,75
8/9/20211.372,441.270,44
8/16/20211.369,561.266,15
8/23/20211.361,821.260,41
8/30/20211.367,371.258,97
9/6/20211.373,601.265,64
9/13/20211.380,001.270,75
9/20/20211.390,141.279,86
9/27/20211.402,711.290,97

 

Third Quarter Average 2021: 1177,18
Evolution% on reference price 17,91 %
Fuel rate 3rd quarter 2021: 5,37 %

Sample Calculation

  • If September 2020 was the start date of the contract, then the initial amount would be equal to €1.037.
  • For the transportation in September 2020, diesel is not invoiced.
  • In October 2020 the diesel rate is €1.507.
  • In that case, there is a 1 percent increase.
  • For transportation made in October 2020, diesel will be invoiced at a rate of 1 percent of the freight.