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
7/5/2021 1.363,19 1.253,82
7/12/2021 1.367,58 1.262,57
7/19/2021 1.370,66 1.267,52
7/26/2021 1.368,33 1.263,72
0,00
8/2/2021 1.372,86 1.269,75
8/9/2021 1.372,44 1.270,44
8/16/2021 1.369,56 1.266,15
8/23/2021 1.361,82 1.260,41
8/30/2021 1.367,37 1.258,97
9/6/2021 1.373,60 1.265,64
9/13/2021 1.380,00 1.270,75
9/20/2021 1.390,14 1.279,86
9/27/2021 1.402,71 1.290,97

 

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.