Canary Islands Temporary Fuel Bonus Program

Overview

The Canary Islands government has announced a temporary bonus program to reduce fuel prices across non-capital islands from July 1 to December 31, 2026.

Targeted Islands and Discounts

• This initiative targets specific islands:
  • El Hierro
  • La Palma
  • La Gomera
• Providing discounts per liter of petrol and diesel:
  • Starting with a bonus of 0.20 euros per liter for La Gomerа
  • 0.15 euros per liter for El Hierro and La Palma during July to September

Objectives and Rationale

• The measure aims to offset higher transportation costs, especially in La Palma, impacted by the volcanic eruption of Tajogaite in 2021.
• Reflects ongoing efforts to cushion residents from rising fuel expenses amid broader economic challenges.
• By implementing this bonus, authorities seek to ensure:
  • Affordability
  • Energy stability for island communities

Policy Principles and Considerations

The policy aligns with legal principles of necessity, proportionality, and transparency, and responds to the specific needs of each island based on recent fuel price data and logistical considerations.

Impact and Commitment

• Overall, this measure offers tangible relief for residents.
• Underscores the government’s commitment to supporting local economies during times of crisis.