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The National Commission of Markets and Competition assured yesterday that in general, the fuel distribution market through service stations seems to be transferring the 20-cent bonus to the consumer and that there is also fierce competition between flag-bearing gas stations (affiliated to large groups) which can have negative consequences for independent operators.

The president of the CNMC, Cani Fernández, explained that the body observes an action and reaction to the offers launched and assured that it will maintain constant vigilance in order to determine that the actions of the large integrated groups do not affect the small service station operators. . In the past, the body has opened files for the follow-up of the leader when applying prices, but it has been working for years to prevent this situation from continuing, promoting low-cost operators.

The supervisory body also recognizes that with regard to the possible refining margins, that is, the difference between the reference price of the refined product and the international price of crude oil, if there has been a strong increase according to the theoretical calculations it makes this body and warned that this situation is also occurring in more sectors.

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Repsol, in fact, yesterday announced its refining margin with an increase of 242% from 6.8 dollars to 23.3 dollars per barrel. According to data from the latest CNMC report, in May the retail price of automotive fuels increased for the fifth consecutive month, with the average for the Peninsula and the Balearic Islands standing at 1.929 euros/litre (+6.4%) for the gasoline 95 and €1,888 euros/litre (+2.7%) for diesel A.

The CNMC indicated that with the variation in the submission of prices by the countries to the EU Oil Bulletin, the data is no longer comparable.

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