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Spain also takes measures to increase prices, 5 billion euro package and reduction of fuel taxes

2026-03-20 15:50:49Kosova&Bota SHKRUAR NGA REDAKSIA VOX
Spain also takes measures to increase prices, 5 billion euro package and
Spanish Prime Minister Pedro Sánchez

Spanish Prime Minister Pedro Sánchez announced on Friday a 5 billion euro package aimed at offsetting the economic impact of the conflict in the Middle East, including a "drastic reduction" in energy taxes.

The package's 80 measures will include cuts to the value-added tax on petrol and diesel, which could reduce prices at the pump by up to 30 cents per litre, he told a news conference after an emergency cabinet meeting.

Spain is the next European country to take measures to ease the financial burden on its citizens following the price hikes caused by the conflict in the Middle East.


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