As from March 7th, the speed limit on all highways in Spain will be reduced from 120 kph to 110 kph as an energy saving measure, the reason behind this move being the soaring price of oil as a result of the conflict in Libya.
The speed limit reduction will be a temporary measure, although no time period has been specified. The move means that signs will need to be changed, also temporarily, and speeding fines suitable adjusted.
The second vice-president, Alfredo Pérez Rubalcaba, stated that the actual supply of oil to Spain would not be affected by the soaring prices as a result of the Libyan conflict as the government has already made contingency plans.
Rubalcaba added that he did not believe that this escalation in prices would influence the economic recovery, presumably as there doesn’t appear to be any recovery to influence one way or the other.