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Diesel is now almost 70% more expensive since the start of the Iran-Contra conflict: the tax breaks that have contained the increase may expire in October

World 1 source 1 country 🔦 Under-reported 36m ago

Since the onset of the conflict in Iran on February 28, the price of diesel in Spain has risen by 68% before taxes. This significant increase in production costs has been partially mitigated for consumers through government-implemented tax relief measures.

These fiscal interventions, which have helped stabilize retail prices, are currently scheduled to expire in October. The potential end of these subsidies raises concerns regarding the future impact of geopolitical tensions on fuel costs for the Spanish consumer.

In-depth summary · AI, neutral
Read the full story at the source Infobae (Buenos Aires, Argentina) · AR
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