ERSE (Energy Services Regulatory Authority) released this Monday the “Weekly Surveillance Report on Sales Prices to the Population of Simple 95 Gasoline and Simple Diesel”, a referendum for the week of October 17-23.
Thus, as of October 17, the established effective values are 1923 euro/l for regular gasoline 95 and 2025 euro/l for regular diesel fuel.
ERSE reports that “relative to the previous week, it was found that the average public sale price announced on the porticos and published in Balcão Único da Energia was 4.2 cents/l higher than the actual price of that week in the case of 95 plain gasoline and 1.6 cents/l higher for regular diesel fuel. Percentage-wise, 95 plain gasoline was listed on gantry platforms 2.2% above the effective price, and plain diesel fuel was listed 0.8% above the effective price; Tax on petroleum products (ISP) for the month of October was fixed and published in Decree No. / l and 0.16348 euro / l for 95 ordinary petrol and diesel fuel respectively. The ISP applicable to 95 regular gasoline and regular diesel increased from last week’s value.”
Order No. 249-С/2022 of October 3 comes into force on October 4 and is valid until November 6. It should also be noted that successive ISP upgrades represent a reduction of 16.6 cents per liter for gasoline and 18 cents per liter for diesel, based on the value determined in Decree No. 301-A/2018 of November 23rd.
During the week of October 17-23, the effective pre-tax price is EUR 1,062/l for 95 petrol and EUR 1,313/l for diesel fuel. After taxes, the effective price is €1,923/l and €2,025/l for plain gasoline 95 and plain diesel, respectively.
The effective price is the average weekly price determined by the Energy Services Regulatory Authority (ERSE) and determined by the sum of the following components: fuel prices in international reference markets and related maritime transport, primary logistics, including in this part reserves the strategic and security aspects of the National Petroleum System , additional costs associated with the inclusion of biofuel and retail component, plus applicable taxes.
The effective price registered an update compared to last week by +3.9% for gasoline and +4.4% for diesel, taking into account the following aspects: weekly change in world prices for 95 ordinary gasoline by +7.8% and ordinary diesel fuel by +7.8%. + 7.2%; and updating incremental costs associated with the inclusion of biofuels from plain gasoline 95 at -14.6% and from plain diesel at -16.3%.
However, compared to the previous week, in relation to discounted prices published by DGEG, 95 plain gasoline showed a deviation of -0.3% compared to the effective price and -2.9% of plain diesel. In absolute terms, these estimates are -0.6 cents/liter for regular gasoline and -5.4 cents/liter for regular diesel fuel, which are below the corresponding effective prices.
Fuel price information is based on calculations that take into account quotations on international markets and other factors taken into account when pricing fuel in Portugal. This is the data that I collect weekly from my sources in the fuel market.
I remind you that despite this price indication, each filling station can set the price it considers appropriate🇧🇷 Only private label gas stations should follow brand guidelines. Dealers and each brand may or may not follow the market leaders. But in my experience they go one after the other. This is the price trend for the coming week.
Abu Dhabi-based Etihad Airways has just resumed crew training on its Airbus A380, showing positive signs that the superjumbo is back in the sky. Like many airlines around the world, Etihad suspended flights with this model after the outbreak of the pandemic in 2020, when the number of passengers fell and the UAE closed its borders.
Last April, the airline announced it was suspending its entire A380 fleet indefinitely to prioritize operations with the Boeing 787 Dreamliner and Airbus A350-1000, which are considered more sustainable and cost-effective models.
As a result, 10 A380s were sent for long-term storage to special bases in France and Spain, where they were supposed to be on a permanent basis, then-CEO Tony Douglas said. came to warn that cannot be reactivated due to their high cost of ownership and the operator’s commitment to protecting the environment.
However, due to rising demand for passenger travel worldwide, the airline plans to bring back some of the giants very soon, according to a tweet from aviation expert Zulkarnain. In the post (below), he says that Etihad has just started training the A380 crew. He reveals that the comeback will take place next year and that the date will be confirmed soon.
We have just been informed that crew training has resumed.
This Wednesday, the labor secretary said the government is trying to ensure that pension increases begin to be paid in January and that differentials restore the amount provided in the formula.
“We expect this to happen as soon as possible,” said the Minister of Labour, Solidarity and Social Security, Ana Méndez Godinho, when asked if pensioners would start receiving the new pension as early as January 2023. a commitment that we have made and today we had the calculations and forecasts presented by INE” according to which the government “will adjust the value to be updated in 2023 as a result of the most recent inflation data,” he said.
According to the minister, from January 2, 2023, pensions of up to 960 euros will be updated by 4.83%, which is basically the value that is the necessary differential to achieve the exact value provided in the formula. [de cálculo]in addition to the already paid half board.
For pensions from 960 euros to six AI, the increase will be 4.49%, and for pensions over six AI, the increase will be 3.89%, Ana Mendez Godinho specified, noting that “the AI itself will be updated by 8.4%”. , becoming 480 euros”. That is, he gave an example, “to a pension of 500 euros there will be an increase of about 24 euros.”
The Minister assured that “pensions are still not cut” and that “a decree will be issued to adjust these differential values to ensure that the sum between the two parts, between the half pension [que já foi paga] and this update that happens in 2023 guarantees exactly the same value [que] will give when applying the formula.
Ana Méndez Godinho spoke in Santarém on the sidelines of the Qualification Centers meeting, which takes place at the National Center for Agricultural Exhibitions and Markets under the motto “Transforming the PRR Program for Qualifications”.
IAS to be updated by 8.4% in 2023
The value of the Social Assistance Index (IAS) will be updated to 8.4% instead of 8% in 2023, increasing to 480.43 euros, the Ministry of Social Affairs announced today.
These adjustments, whether when updating IFRS or pensions, are based on inflation data released today by the National Institute of Statistics (INE), which shows that the average inflation over the past 12 months, excluding housing (which usually serves as a benchmark for IAS and pension updates) was 7.46% in November, accelerating from 6.83% in the previous month.
The Ministry of Labour, Solidarity and Social Protection said in a statement that the IAS – an index used to differentiate the renewal of pensions depending on their monthly value – will have “an increase of 8.4% in 2023, from 443.20 euros to 480.43 Euro. “.
Initially, the Government mentioned that IAS would be updated by 8%, recognizing that the value would be adjusted if the resulting inflation was higher than estimated.