Its strength drops this week (and for the first time this year)

After 11 consecutive weekly increases since the beginning of the year, fuel prices will fall this week, and will become cheaper as of Monday.

A source from one of the major national oil companies told Multinews: “The development of quotations in euros indicates a decrease in the price of a liter by 13 cents per liter for gasoline and 17 cents per liter for diesel.” It is the first drop of the year and the largest weekly devaluation ever.

Prices of gas stations adjacent to the hypermarket follow the trend of the market. “The trend this week will be for a decrease of 0.1055 euros in gasoline and 0.1370 euros in diesel,” another source said.

Lower oil prices contribute to lower prices in international markets. A barrel of Brent crude, a benchmark for Europe, reached less than $100 this week, after Ukraine and Russia announced developments in negotiations near the end of the conflict.

The downward trend in recent days is also attributed to the realization that Europe will not give up on Russian oil imports in the short term, new restrictions underway in China due to a new outbreak of the novel coronavirus and the possible lifting of sanctions on Iranian oil. .

And the good news doesn’t stop there. This development in the liter price “should lead to a decrease in VAT revenue, which could lead to an adjustment of the ISP unit rates of 2.6 cents, in the case of diesel, and 2 cents in the case of gasoline,” taking into account the calculation of the weekly review mechanism of unit price values Which went into effect last week.

However, given the “uncertainty about the development of the situation”, as well as the expectation of coordinated responses at the European level, the government decided that “the update of the corresponding ISP will not take place this week”. [Imposto sobre Produtos Petrolíferos]”.

Since January, the price of diesel has increased by 49 cents a liter, while the price of gasoline has increased by 37 cents, that is, to fill a 60-liter petrol tank, it requires 22 euros more than in the first week of January. To fill the diesel tank, the driver paid 29 euros over eleven weeks.

DGEG data shows that the average price of a simple diesel in Portugal currently costs €1,992 a liter, while the price of a simple gasoline 95 is €2,037. The Portuguese never paid so much for every liter of this fuel.

The latest fuel bulletin from the European Commission indicates that Portugal has the seventh most expensive gasoline 95 out of 27 EU countries, 10 cents above the European average and 22 cents more expensive than Spain. Diesel occupies ninth place in the European ranking.