24/03/2026
๐จ UPDATE Fuel prices surge: Spain takes action. Whoโs next?
Facing rising prices driven by the war in Iran, Spain has launched a โฌ5B emergency plan under Pedro Sรกnchez.
๐ Key decision: fuel VAT cut from 21% to 10%
> Immediate impact:
SP95: โฌ1.80 โ โฌ1.51/L
Diesel: โฌ1.90 โ โฌ1.67/L
โก๏ธ Up to โฌ16 saved per tank
> Beyond fuel: a real energy shield
VAT on electricity & gas reduced to 10%
Electricity tax cut to 0.5%
> Important shift for businesses (transport, logistics, agriculture):
Excise duty refund on commercial diesel suspended (from โฌ0.049/L โ โฌ0/L)
Replaced by a direct state aid of โฌ0.20/L
No extra admin: paid via existing refund system
- ๐๐จ๐ฆ๐ฉ๐๐ง๐ข๐๐ฌ ๐ญ๐ก๐๐ญ ๐๐ซ๐ ๐๐ฅ๐ซ๐๐๐๐ฒ ๐ซ๐๐ ๐ข๐ฌ๐ญ๐๐ซ๐๐ ๐๐จ๐ซ ๐๐ ๐๐ฑ๐, ๐ง๐จ ๐ฆ๐๐ญ๐ญ๐๐ซ ๐ข๐ ๐ญ๐ซ๐ฎ๐๐ค๐ฌ ๐๐ซ๐ ๐๐ฉ๐๐ง๐ข๐ฌ๐ก ๐จ๐ซ ๐ซ๐๐ ๐ข๐ฌ๐ญ๐๐ซ๐๐ ๐ข๐ง ๐จ๐ญ๐ก๐๐ซ ๐๐จ๐ฎ๐ง๐ญ๐ซ๐ข๐๐ฌ, ๐ฐ๐ข๐ฅ๐ฅ ๐ ๐๐ญ ๐ญ๐ก๐ ๐๐ข๐ >> ๐.๐๐โฌ/๐ฅ๐ข๐ญ๐๐ซ
- FastVAT ๐๐ฅ๐ข๐๐ง๐ญ๐ฌ ๐ซ๐๐ ๐ข๐ฌ๐ญ๐๐ซ๐๐ ๐๐จ๐ซ ๐๐ฌ ๐๐ฑ๐ ๐ฐ๐ข๐ฅ๐ฅ ๐๐ฎ๐ญ๐จ๐ฆ๐๐ญ๐ข๐๐๐ฅ๐ฅ๐ฒ ๐ซ๐๐๐๐ข๐ฏ๐ ๐ญ๐ก๐ ๐๐ข๐ ๐๐ซ๐จ๐ฆ ๐ฎ๐ฌ
๐
Measures valid until June 30, 2026
๐ฌ Is this the kind of bold policy Europe needs right now?