The government will extend the tax cut on petroleum products for the next two months, according to CNN Portugal. But fix the values and stop revisiting them every week.
The government will extend tax cuts on petroleum products in July and August to bring down the final price of fuel. CNN Portugal knows that this decision was approved this Thursday by the Council of Ministers and that it has new characteristics.
The current tax reduction applied only to the months of May and June, thus ending on June 30th. But as fuel prices remain very high, the government decided to extend the decision for another two months, thus covering July and August.
But the model is not exactly the same. The government decided to stop weekly reviews of ISP cuts, as it has done so far, and fix the cuts. Recall that the original goal was to achieve with the help of ISP the equivalent of reducing VAT from 23% to 13%. To do this, the government has launched a set of measures, which now intends to simplify.
Overall, as government sources have been able to confirm to CNN Portugal, the measures approved by the Council of Ministers will constitute a decrease of 28.2 cents per liter of diesel fuel and 32.1 cents per liter of gasoline.which is close to the current values.
According to data from the Directorate General of Energy and Geology from this Thursday, the average price of plain diesel fuel in mainland Portugal is currently 2,062 euros per litre. The average price of regular gasoline 95 is 2101 euros per liter.