Overview
- The government will keep the emergency weekly reporting obligation in place until the end of 2026 for wholesale petroleum operators with refining capacity in Spain.
- The rule applies to major refiners operating in Spain — named in coverage as Repsol, Moeve and BP — and requires weekly disclosure to the CNMC of acquisition costs and the prices they charge service stations.
- The emergency real-decree that created the framework empowered the CNMC to inspect price formation closely and to impose sanctions on companies that exploit the crisis.
- Officials told sector representatives that the package has helped moderate inflation by about one percentage point, with a clear effect on fuel prices, and ministers are consulting other industries as they monitor economic risk.
- The oversight began as a three-month measure after the March real-decree and will be formalized imminently by the Council of Ministers while authorities watch geopolitical risks such as any changes in traffic through the Strait of Hormuz.