Ione Belarra has just stopped by the gas station to fill up

Ione Belarra has proposed nationalizing Repsol and has put the cost at €8 billion, compared with the €56 billion in profits she attributes to the big four energy firms since 2022. She also notes that filling a tank of gasoline or diesel costs more than 100 euros.

**Ione Belarra** has floated nationalizing **Repsol** on X. She complains that filling a tank costs more than **100 euros** and compares the measure with the sector's profits and rearmament.

## More than 100 euros to fill the tank

The **100 euros** figure is the starting point. Belarra does not break down prices by fuel, province or vehicle; she uses it as a signal of the cost for drivers.

Her proposal is not a price cut or a subsidy. She calls for nationalizing **Repsol**, a listed company, so that the State takes a stake in its capital.

## €56 billion in profits since 2022

Belarra claims that the big four energy firms made **€56 billion** since **2022**. She does not name the companies or detail the distribution.

With that figure, she argues that there is money, but it is at the top. It is an argument about distribution; the figure comes from her words, not an audit.

## Nationalizing Repsol would cost €8 billion, according to Belarra

Her estimate is **€8 billion**, less than the rearmament spending she cites. She does not explain the calculation or whether it includes debt or a premium.

Nationalizing a listed company requires a financial valuation and legal grounding. The figures cited are a political proposal, not an official valuation.