The Council of Ministers approved on Monday a new package of measures that ends the VAT cut on petrol and diesel from Tuesday and gradually reduces the special tax until October.
Economy Minister Carlos Cuerpo announced after the meeting that the VAT on fuels will return to 21% from July 1. The discount on the special hydrocarbon tax will be 15 cents per litre in July, 10 cents in August and 5 cents in September, until it disappears in October.
The Government will maintain the 20-cent-per-litre bonus for farmers and transporters. It also includes an automatic clause that will reactivate the 20-cent discount if fuel inflation exceeds 15%.
The National Commission for Markets and Competition will publish for the first time service stations with anomalous behaviour. The package has an estimated fiscal cost of 1.825 billion euros for 2026.
