Spain’s biggest supermarkets have cut extra virgin olive oil prices, with some now selling one-litre bottles for less than 4.5 euros. The move follows weeks of steady price drops and growing pressure from shoppers worried about food costs.
Shoppers looking for extra virgin olive oil this week are seeing something rare. Price tags in some of Spain’s largest supermarkets have dipped below 4.5 euros. After months of rising grocery bills, this kitchen staple is finally getting cheaper.
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 a bit higher, at 4.65 and 4.70 euros. Alcampo and Hipercor are still close to 5 euros. Reports from FACUA and major Spanish media confirm this downward trend, though not every chain has dropped below 4.5 euros yet.
The price of extra virgin olive oil at origin has dropped to around 3.33–3.45 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 garrafas at Mercadona and Consum now cost 12.80 euros. Eroski and Dia offer similar sizes for 13.70 and 13.80 euros. For bigger needs, five-litre bottles at Carrefour, Alcampo, and Hipercor range from 21.32 to 24.47 euros. These 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 extra virgin olive oil at the production level now averages 3.33 to 3.63 euros per litre.
These numbers are tracked closely. According to super.FACUA.org, the consumer group FACUA checks daily price changes at major supermarket chains. Their monitoring covers hundreds of products, but olive oil stands out because it is a basic part of Spanish diets and reacts 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 got cheaper this month.
Last year, the average person in Spain used 5.6 litres of olive oil and spent 44.9 euros on it, according to the public agro-food company Mercasa. This shows how important olive oil is, not just for cooking but as a sign of how rising costs hit families. Both official and industry sources say even small price changes matter for household budgets, since olive oil is a basic food in Spain.
Industry overviews highlight that while lower shelf prices benefit consumers, producers are concerned about shrinking margins due to high production costs. The start of the new harvest season is marked by anxiety in the sector, as sustained low prices could threaten the financial stability of olive growers despite improved affordability for shoppers.
The recent price cuts give shoppers some relief, but food costs are still unpredictable. The lower prices come from both store competition and pressure from consumer groups. They also show how quickly basic foods can become a flashpoint in the cost-of-living debate. For now, Spanish families can take advantage of these lower prices. But with the market so unstable, both shoppers and watchdogs will need to keep a close eye to make sure basic foods stay affordable.
