Petrol and diesel prices are in “rise and fall” mode. Find out what it means for your portfolio – Executive Summary

Petrol and diesel prices are in “rise and fall” mode. Find out what it means for your portfolio – Executive Summary

From Monday onwards, expect changes in fuel prices. And if you have a 95 petrol car, you have reason to smile: the same cannot be said if you have a diesel car. “The development of prices in euros indicates a decrease of one cent per liter of gasoline, while a liter of diesel rises by 0.5 cents,” a source from one of the main national oil companies told Executive Summary.

Prices at gas stations next to supermarkets follow the same line. Another source said: “The trend for next week will be a decrease of €0.0062 in gasoline and an increase of €0.0039 in diesel.”

The government did not go ahead with unfreezing carbon taxes last week, putting an end to the successive increases that put the burden of the carbon tax on consumers, per liter of fuel, at 18.4 cents/litre in the case of gasoline and 20 cents/litre in gasoline. Diesel case.

Since the beginning of the year, the price of diesel has fallen by about 3.1 cents per liter, while the price of gasoline has increased by about 1.9 cents. This means that the cost of filling a 60-litre petrol tank is almost the same as it was at the beginning of January (€1.14 more). It takes 1.86 euros less to fill a diesel tank than in the first week of the year. See price developments in 2024 below:

Data from the General Directorate of Energy and Geology (DGEG) shows that the average price of a liter of petrol in Portugal currently costs €1,662 while diesel costs €1,536. However, prices may vary across gas stations, as the price quoted 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.

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In the latest bulletin issued by the European Commission, Portugal ranks ninth among the countries with the most expensive gasoline in the European Union, 3.7 cents less than the European average and 17.5 cents more expensive than Spain. Diesel fuel also ranks ninth in this rating.

By Andrea Hargraves

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