In early March 2011 , we learned that Spain had decided to lower the speed limit from 120 to 110 km/h on its national highways to reduce the country’s dependency on oil.
A little over three months after the controversial measure came into effect, aiming at reducing fuel consumption by 15% and lowering the energy bill, the Spanish government has announced savings of 94.2 million euros (130.4 Canadian dollars).
Industry Minister Miguel Sebastian had previously stated that this exceptional measure would be in effect until June 30, but it may well be extended. He did however note in a press conference that a decision hadn’t yet been made.
Parallel to the slowdown, Spain had lowered the price of train tickets by 5%, actively promoted biofuel alternatives and offered discounts on the purchase of the low rolling resistance tires in a bid to further lower the country’s fuel bill.
MR Sebastian noted that these efforts would take longer to implement and their results wouldn’t be immediately felt.
The Spanish government says it’s almost entirely dependent on imported fuel for the road transport industry, and that each 10-euro increase on the price of oil costs an extra 6 billion annually.
Sources : IOL , Caradisiac
A little over three months after the controversial measure came into effect, aiming at reducing fuel consumption by 15% and lowering the energy bill, the Spanish government has announced savings of 94.2 million euros (130.4 Canadian dollars).
Industry Minister Miguel Sebastian had previously stated that this exceptional measure would be in effect until June 30, but it may well be extended. He did however note in a press conference that a decision hadn’t yet been made.
Parallel to the slowdown, Spain had lowered the price of train tickets by 5%, actively promoted biofuel alternatives and offered discounts on the purchase of the low rolling resistance tires in a bid to further lower the country’s fuel bill.
MR Sebastian noted that these efforts would take longer to implement and their results wouldn’t be immediately felt.
The Spanish government says it’s almost entirely dependent on imported fuel for the road transport industry, and that each 10-euro increase on the price of oil costs an extra 6 billion annually.
Sources : IOL , Caradisiac