How can the government control oil prices

energy: Spain tightened speed limit due to rising oil prices

From March 7th, drivers in Spain will have to drive more slowly. In response to the rising oil prices caused by the unstable political situation in North Africa, the Spanish government has urged citizens to save energy. In order to reduce fuel consumption, the speed limit on motorways will be reduced from 120 to 110 kilometers per hour. This was announced by Deputy Prime Minister Alfredo Pérez Rubalcaba after a cabinet meeting. The measure comes into effect for an indefinite period. "We have to do something about the rising energy bill," he said.

In order to encourage citizens to switch to public transport, rail prices will be reduced by an average of five percent at the same time. There are also plans to reduce the lighting in government buildings and public facilities. With the savings plan, which has not yet been fully developed, gasoline consumption can be reduced by around 15 percent and diesel consumption by 11 percent, according to the government.

According to Pérez Rubalcaba, a price increase of ten euros per oil barrel means an additional monthly charge of around half a billion euros. The economic recovery in debt-ridden Spain will not affect this any further. The fuel supply is guaranteed in any case, despite the crisis in Libya and other countries, he said.

Spain imports almost 80 percent of its energy, which makes the country particularly vulnerable to price increases. The first time Spain had temporarily introduced such a restriction was according to the Spanish newspaper El Pais 1973 - the year of the oil crisis. At that time, the government had set a maximum speed of 120 kilometers per hour. For novice drivers, there was a speed limit of 80 kilometers per hour in the first year. Before that, there had been no speed limits.