Prices for extra virgin olive oil have fallen below 4.5 euros for one-litre bottles at several of Spain’s biggest supermarket chains. The cuts follow months of rising grocery bills, offering some relief on a kitchen staple.
Mercadona, Carrefour, Consum, Alcampo, Dia, Eroski and Lupa have all changed their prices. Several now sell one-litre bottles of extra virgin olive oil at or just under 4.5 euros. Carrefour leads with its Carrefour Extra brand at 4.44 euros. Mercadona, Consum and Lupa follow at 4.45 euros. Eroski and Dia are higher, at 4.65 and 4.70 euros. Alcampo and Hipercor remain close to 5 euros. Reports from FACUA and major Spanish media confirm the downward trend, though not every chain has dropped below 4.5 euros yet.
At origin, the price of extra virgin olive oil fell to around 3.33 to 3.45 euros per kilo in September 2026, down from about 5 euros in November of the previous year.
Bulk buyers are seeing changes too. Three-litre containers at Mercadona and Consum now cost 12.80 euros. Eroski and Dia offer similar sizes for 13.70 and 13.80 euros. For larger quantities, five-litre bottles at Carrefour, Alcampo and Hipercor range from 21.32 to 24.47 euros. The new prices reflect tough competition between stores and a sharp drop in wholesale and origin prices. Industry data from Infaoliva and Junta de Andalucía show that extra virgin olive oil at the production level now averages 3.33 to 3.63 euros per litre.
These prices are closely tracked. The consumer group FACUA checks daily price changes at major supermarket chains, information from super.FACUA.org. Its monitoring covers hundreds of products, but olive oil stands out because it is a staple of Spanish diets and responds quickly to price swings. FACUA’s latest check in September 2026 found a 0.2% drop in shelf prices for extra virgin olive oil, making it one of the foods that became cheaper that month.
Last year, the average person in Spain used 5.6 litres of olive oil and spent 44.9 euros on it, information from the public agro-food company Mercasa. The figures show olive oil’s importance in cooking and how rising costs affect families. Official and industry sources say even small price changes matter for household budgets because olive oil is a basic food in Spain. Industry overviews also report concern among producers about shrinking margins amid high production costs. The new harvest season begins amid anxiety in the sector, as sustained low prices could threaten olive growers’ financial stability even while shoppers benefit from lower prices.
The recent cuts offer shoppers some relief, but food costs remain unpredictable. Competition between stores and pressure from consumer groups have contributed to the lower prices, while olive oil remains a focus of the cost-of-living debate. Spanish families can take advantage of the reductions, but the unstable market means shoppers and watchdogs will need to keep a close eye on whether basic foods stay affordable.
