Repsol has become with its bid “Monday effect” in “effect Friday”

July 20, 2013 Comments Off on Repsol has become with its bid “Monday effect” in “effect Friday”

MADRID, 19 Christmas. (EUROPA PRESS) –

Photos: Europa Press

Photos: Europa Press

The National Energy Commission (CNE) has confirmed the existence of a new “effect Friday” replacing the “Monday effect” and is the result of the offer announced by Repsol in this day becomes the cheapest in its service stations in the months of July and August.

In July two Fridays have been recorded price falls of up to 2% and have been the days of the week with lower prices, as indicated by the regulator in its latest monthly report on price monitoring service stations, for the month of June.

The report, reminds body, without referring explicitly to Repsol, that the past 4 July “the primary market operator announced a reduction in prices for motor fuels Fridays in July and August”.

“So far this month”, CNE continues, “it is found that, really, this policy has affected the national average price”, to the extent that, with “changing pricing strategy, the 'Monday effect’ se ha transformado en ‘efecto viernes'”.

Given this new “effect Friday”, Thursday recorded the maximum prices of the week, while Saturday in rebounding average by 1,3% for both fuels.

Between 1 and 14 July, the average price of gasoline 95 has been 1,443 euros per liter, a 0,6% more than the average price in June. In the case of diesel, the average price also increased by 1,4%, to 1,358 euros per liter.

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