Diesel prices leaped to a new record on Friday as leading petrol firms raised their pump prices.
Diesel prices climbed to 14.99 kronor ($2.50) on Friday as the major petrol companies, led by Statoil and OKQ8, raised their prices by 0.10 kronor.
The pump price for 95-octane petrol will remain at 13.99 kronor, close to the record which was set when prices climbed above 14 kronor for the first time in June.
Since the beginning of the year US crude oil prices have climbed by over 50 percent. In the past year oil prices have more than doubled.
Spanish inflation accelerated in November to its highest level in nearly three decades on the back of rising food and gas prices, official data showed Monday.
Consumer prices jumped by 5.6 percent, up from a 5.4 percent increase in October, according to preliminary figures from national statistics institute.
That is its fastest pace since September 1992, when the rate was 5.8 percent.
The surge in inflation in the eurozone’s fourth-largest economy was due largely to a spike in food prices, followed by higher gas prices, the statistics office said.
Electricity costs, however, declined slightly after a month-long acceleration, it added.
As in other European Union nations, inflation in Spain has risen since the start of the year after consumer prices declined during most of 2020 due to the economic impact of pandemic lockdowns.
In October, eurozone inflation reached 4.1 percent, well above the European Central Bank’s target of two percent and equal to a high set in July 2008.
But the bank believes eurozone inflation will peak in November and is set to gradually slow next year as supply bottlenecks and the energy crunch ease, board member Isabel Schnabel said earlier this month.
Investors worry central banks will withdraw their stimulus measures sooner than expected to tame inflation.
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