Spain: speed limit cut over high oil prices image

Last night, Spain changed motorway speed limit from 120 km/h to 110 km/h as part of a series of measures to reduce fuel imports and to put more money in consumers’ pockets as the nation tries to lift itself out of economic gloom, AP reported.

The fine for violating the new rule is 100 euro (£86). But drivers will not be penalised with points on their licences for breaking it. Those driving faster than 140 km/h will face a 300 euro fine.

More, the Spanish government will create some schemes for replacing old tyres and will switch public lighting to low energy bulbs.

According to the same source, the new road rule will remain in place at least until the end of June.
Spain is heavily dependent on imported fuel and 13% of its oil usually comes from Libya.

The government said that the limit plus a host of other energy-saving measures are essential because Spain depends on imports for 75 percent of its energy, with costs rising just as the country tries to repair its damaged economy. Deputy Prime Minister Alfredo Perez Rubalcaba argued that lowering the highway speed limit will increase fuel economy by around 15 percent.

“There is no risk to the supply, but we have an (energy) bill that is going up because of the crisis in North Africa, not just in Libya but also in Egypt,” Rubalcaba said.

Some 69 percent of Spaniards disapprove of the measure, according to a poll in the El Pais newspaper. They also suspect this slowdown will put a brake on Spain’s economy, not improve it, especially important in a country where the unemployment rate is over to 20 percent.