Fuel Price Relief: Subsidy Coming to Lanzarote and Fuerteventura in 2025
Residents and businesses in Lanzarote and Fuerteventura will benefit from a 14-cent per litre fuel subsidy, aiming to reduce energy costs and foster economic stability across the islands.
In a significant move towards energy cost equality, the Canary Islands government has announced a fuel subsidy of 14 cents per litre for Lanzarote and Fuerteventura, set to take effect in 2025. This subsidy, already in place in La Palma, La Gomera, and El Hierro, will aim to align fuel prices across the Canary Islands, benefiting residents and businesses alike. The decision follows extensive lobbying and is viewed as a step toward easing the economic burden on families and boosting local economies.
The subsidy will be included in the regional budget, with strong support from the Chamber of Commerce and local governments. It is expected to bring much-needed relief to self-employed individuals and businesses, promoting better mobility and economic stability on both islands.
This development marks the culmination of a long campaign for fuel price parity and demonstrates the government's commitment to reducing interisland disparities, ultimately fostering a more unified regional economy.