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Parliamentary question - E-002361/2022Parliamentary question
E-002361/2022

    Economic and fiscal measures to tackle the rise in fuel prices

    30.6.2022

    Question for written answer  E-002361/2022
    to the Commission
    Rule 138
    Francisco José Millán Mon (PPE)

    According to estimates published by Spain’s national statistical institute INE on 29 June 2022, the annual rate of inflation rose to 10.2 % in June, the highest figure since April 1985. Underlying inflation in Spain stands at 5.5 % year-on-year, the highest it has been since 1993.

    INE emphasises that the price rises are due, chiefly, to increases in the prices of fuel, food and soft drinks.

    According to the Commission’s Oil Bulletin, the average price of fuel in the European Union was EUR 1.395 per litre for Euro-super 95 and EUR 1.380 per litre for diesel fuel on 3 January 2022 before the war started. Six months later, on 13 June, these prices were EUR 2.048 per litre for petrol and EUR 2.023 per litre for diesel. This equates to a price rise of 46 % in six months.

    These high fuel prices are pushing the consumer price index up and making the cost of living crisis worse for families throughout the European Union.

    What economic and fiscal measures will the Commission propose to tackle the rise in fuel prices?

    Last updated: 7 July 2022
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