Prepare to pay a few extra euros to increase your car deposit. Fuel prices are back on the rise again this week, and are even more expensive as of today.
“The development of quotations in euros indicates an increase in prices of 8 cents per liter for gasoline and 14 cents per liter for diesel,” a source from one of the major national oil companies told Multinews. As far as diesels are concerned, it’s the biggest weekly hike ever.
Prices of gas stations adjacent to the hypermarket follow the trend of the market. “The trend this week will be for an increase of 0.0724 euros in gasoline and an increase of 0.1331 euros in diesel,” another source said.
It’s the 10th consecutive week of increases since the beginning of the year, according to data from the Directorate General of Energy and Geology (DGEG). In this period, the price of diesel has already increased by 32 cents a liter, while the price of gasoline has increased by 25 cents.
The most expensive deposit increase is between 14 and 19 euros
This means that filling a 60-liter tank with gasoline costs 14 euros more than it did in the first week of January. To fill the diesel tank, it will take 19 euros more than ten weeks. In the last week alone, the bill has gone up by 5 and 8.5 euros, respectively.
DGEG data shows that the average price of a simple diesel in Portugal currently costs €1,678 a liter, while the price of a simple petrol 95 is €1,836. But with the expected hikes, individual fuels are advancing to all-time highs. The average price of a liter of diesel is around 1,818 euros while the price of petrol goes up to 1,916 euros. At the same time, a liter of special 95th gasoline has already exceeded 2 euros at several stations in the country.
Higher oil prices contribute to higher prices in global markets. The price of a barrel of Brent crude, a reference standard for Europe, is more than $ 110, with a maximum of 2013, and experts say that a barrel will reach 140, which reflects the aggravation of the conflict between Ukraine and Russia, the second largest oil producer. after Saudi Arabia.
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.
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