Fuel Oil Price in Spain
The chart above illustrates Fuel Oil prices in Spain, in EUR/mt, from March 2024 to March 2025, as follows:
- Fuel Oil (LSFO), ret, ES: Fuel Oil (LSFO), retail, Spain
- Fuel Oil (HFO), exp, ES: Fuel Oil (heavy), export spot, fob, Spain
- Fuel Oil (LFO), ret, ES: Fuel Oil (light), retail, Spain
Further information about price assessments covered can be found in the assessments guide.
The price for Fuel Oil (LSFO), ret, ES in March 2025 was approximately 610 EUR per mt. This marked a 0.9% rise compared to the previous month's value, and on a year-over-year basis, prices for Fuel Oil (LSFO), ret, ES increased by 0.1%.
In March 2025, Fuel Oil (HFO), exp, ES was priced at around 419 EUR per mt. This represented a 14.3% fall from the previous month, while year-over-year, Fuel Oil (HFO), exp, ES prices decreased by 12.3%.
Fuel Oil (LFO), ret, ES had a price of approximately 1,170 EUR per mt in March 2025. This indicated a 4.5% fall compared to the prior month's value, and an annual decrease of 9.3% in Fuel Oil (LFO), ret, ES prices.
Recent data, updated on October 3rd, 2025, can be found in the Spain Energy Prices & Markets Report. Updated monthly, the report provides price assessments and market analyses for fuel oil and other oil products, encompassing domestic supply and trade dynamics. It also covers other energy commodities in Spain, presenting price assessments and market analyses of production, demand, trade, and Spain's energy self-sufficiency.
Price Assessments Covered in the Report
Access timely and reliable Fuel Oil price assessments — updated every month and backed by consistent methodologies.
Current Prices
Access up-to-date Fuel Oil price assessments released at the beginning of each month, providing consolidated and relevant market data.
Price Forecasts
View short-term Fuel Oil price projections that help you anticipate market direction and make informed decisions.
Historical Prices
Explore historical Fuel Oil price series over multiple timeframes to identify short-, medium-, and long-term trends.
Beyond Prices: Market Analyses Covered
Understand the broader energy dynamics shaping Spain's markets.
Production & Demand
Track energy production and consumption patterns to understand supply-demand dynamics across sectors.
Imports & Exports
Analyze energy trade flows and key trading partners to evaluate cross-border dependencies.
Energy Balance & Self-Sufficiency
Assess Spain's energy balance and self-reliance, identifying exposure to external supply sources.
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