Spain to Cap Gas Price Hikes, Extend Fuel Discounts
12 Articles
12 Articles
The measures, which according to Carlos Córdoba will have a cost of 12 billion euros, will be in force until 31 December.
Although measures approved since March have an estimated impact of EUR 12 billion on public safes, the Minister of Economy maintains optimistic growth forecasts
Spain to cap gas price hikes, extend fuel discounts
Economy Minister Carlos Cuerpo said the package aimed to "extend and adapt" support measures first taken in March after the conflict, triggered by US-Israeli strikes on Iran, plunged global energy markets into turmoil. The volatility has affected Spain's dynamic economy, which is less dependent on fossil fuels but is suffering higher inflation as a result of spiralling energy costs. Cuerpo told a press conference that the government had approved…
The aid for the pump was to stop on Thursday 1 October 2026 in Spain. The government finally decided to modify and extend the device until the end of the year.
The Spanish Council of Ministers had approved a package of measures to combat the economic consequences of the conflict in the Middle East, including the limitation of gas tariff increases and the extension of fuel discounts until the end of the year, and the Spanish Government had approved initiatives to contain price increases in the face of the worsening situation in the Middle East; the authorities had decided to limit the increase in the re…
The Executive recovers the reduction of VAT to electricity to 10% that it had already approved in March but that revoked during the summer
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