Monday promises to bring different destinations to two of the most used petroleum products in the national market. According to an industry source contacted by Multinews, at the country’s major oil companies, “The trend will be to increase the price of gasoline by 9 cents a liter. The price of a liter of diesel should drop by about 2 cents.”
The increase in the price of gasoline is justified “by the increase in imports from the United States, due to the onset of the “driving season”, but with a greater effect due to the shortage of product due to the war. On the other hand, diesel is under less pressure, with the cold temperatures ending in Europe, where it is widely used for heating”, explains the same source.
Another source said private-brand stations – which usually operate next to supermarkets – are following the trend and reporting “an increase of 0.0631 euros in petrol and a reduction of 0.0269 euros in diesel”.
With these movements in mind, The government decided to “reduce ISP fees [Imposto sobre Produtos Petrolíferos] Priced at 1.2 cents per liter of gasoline, as of Monday, May 23. Given the combined effect of taxes in terms of VAT and the ISP, the decision is reflected in a reduction in the tax burden by 1.5 cents per liter of gasoline.”
On the other hand, “the ISP unit rate applicable to diesel will remain unchanged, while maintaining the application of the discounts currently in force.”
The average price for a 95-liter gasoline liter in Portugal is currently 1,61 euros while a simple diesel is 1,788 euros, according to data from the Directorate General of Energy and Geology (DGEG). However, quotations at gas stations may differ, since the price set on the network also takes into account the level of competition, supply and demand in each market and the level of fixed costs at each station.
Fuel prices were on an upward trajectory. a second From DGEG, the price of a simple diesel has already increased 14 times and decreased only five times since the beginning of the year. As for simple gasoline, it has increased 16 times and decreased only 4 times since January.
The latest European Commission fuel bulletin indicates that Portugal has the eighth most expensive gasoline 95 out of 27 EU countries, 12 cents above the European average and 5.4 cents more expensive than Spain. Diesel occupies eighteenth place in the European ranking.
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