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Spain lowers fuel and electricity taxes to ease cost-of-living pressures amid Middle East tensions.
Spain is cutting its fuel VAT from 21% to 10% and suspending hydrocarbon excise duties, lowering petrol and diesel prices by 0.30 to 0.40 euros per liter, as part of a temporary energy relief package.
The move, driven by rising costs from the Middle East conflict, also eliminates a 5% tax on electricity and includes targeted support for vulnerable households and key sectors.
While Spain’s strong renewable energy output has kept electricity prices low, critics question the fairness of benefits favoring wealthier car owners and warn of potential setbacks to climate goals.
The full package is pending official confirmation.
España reduce los impuestos sobre el combustible y la electricidad para aliviar las presiones del costo de vida en medio de las tensiones en Oriente Medio.