Andorra Cuts Fuel Prices 15 Cents/Litre on Petrol, 10 on Diesel Amid Middle East Conflict
The government launched this emergency measure to counter oil price surges from regional tensions, gradually restoring March levels by 1 October despite unsigned law.
Key Points
- Petrol prices drop 15 cents/litre, diesel 10 cents/litre from 15 July to 30 September.
- Government refunds 75% of hydrocarbon tax; distributors cover 25% and pass savings to pumps.
- Emergency bill submitted to Consell General for vote next Tuesday, effective immediately.
- Follows 2.8% minimum wage hike to shield residents from oil price spikes.
The Andorran government has introduced a temporary fuel price reduction to offset rising costs from the Middle East conflict, with petrol dropping by 15 cents per litre and diesel by 10 cents per litre starting 15 July.
The measure takes effect immediately despite the law not yet being signed by the Coprinces. It will run through 30 September, with prices gradually returning to pre-conflict levels—equivalent to those in March—by 1 October. The government submitted the bill to the Consell General on Friday via emergency procedure, preventing amendments and paving the way for a vote next Tuesday.
Under the legislation, the government will refund the special tax on hydrocarbons sold in July, August and September to fuel distributors. Distributors, in agreement with importers, will apply an additional price cut at the pump. The cost is shared, with the government covering 75% and the sector 25%.
Officials described the step as a response to oil price spikes triggered by the regional war, whose peak impact occurred weeks ago. It builds on last week's 2.8% minimum wage increase aimed at protecting residents' purchasing power.
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