Nobody believed it would happen: the cost of petrol has gone down! Repsol has made a surprise announcement of a two peseta drop in prices which came into effect at midnight on Thursday. Repsol commands 45 percent of the market in Spain. It is the first reduction since July and comes after a fortnight in which prices went up by seven pesetas. The reason given for the drop was the strengthening of the euro against the dollar. But a company spokesman said it was impossible to predict how prices would evolve over the short term. Thanks to this reduction, the 95 octane lead-free petrol now costs 143.56 pesetas a litre. The 98 octane petrol is 158.4 pesetas and the super is 154.4 pesetas. The price of diesel oil is unchanged at 128.9 pesetas. Spain was the only country in the European Union which raised the price of eurosuper petrol last month.


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