Cepsa has gone even further and last Friday, July 1, decided to extend the added discounts not only during the summer, but until the end of the year. Spain’s second-largest oil company offers up to 25 or 30 cents depending on whether a consumer is signed up to their loyalty scheme.
BP currently offers motorists five cents discount through its loyalty scheme and another five for refuelling with more than 40 litres of specific fuels. An announcement is expected from the company, maybe even today, Monday, July 4, where they will also extend their scheme.
The government’s 20 cents discount has already been diluted by the ever-increasing prices. A spokesperson for Repsol said: “These discounts are being applied at the expense of the company’s commercial margins, and have reduced the result of Repsol’s service station business in Spain to practically zero”.
A study has been carried out recently by the National Commission of Markets and Competition (CNMC), the body in charge of supervising the commercial practices and margins of oil companies. It analysed whether the 20-cent discount was actually reaching the consumer.
In its results, the CNMC reported that in a general way, the sector is correctly applying the discount. It only detected alleged irregularities in 100 out of the 11,800 gas stations analysed in Spain, as reported by laopiniondemalaga.es.