Get ready this Monday: fuel prices will rise again, and, unlike the last two weeks, it will be both gasoline and diesel, the two most consumed petroleum products on the national market. According to an industry source contacted by Multinews, the country’s major oil companies “will see a 3-cent price increase for gasoline and 3.5 cents for diesel.”
The upward trend will be “replicated” by private label stations, which usually operate near hypermarkets, which reported a “surge” – according to a contacted source, there will be “an increase of 0.0273 euros for petrol and 0. 0296 euros for diesel fuel”. “.
Taking into account these changes, the government has reduced the ISP rate for gasoline from this week, moving it to 0.5 cents per liter, and retained the rate for diesel fuel.
The average price of a liter of 95-litre petrol in Portugal on Friday was 2,029 euros, while a regular diesel was 1,759 euros, according to data Directorate General of Energy and Geology (DGEG). However, prices may vary at stations, as the network price also takes into account the level of competition, supply and demand in each market, and the level of fixed costs at each station.
Fuel prices are on an upward trajectory. According to DGEG, the price of regular diesel fuel has already risen 15 times, and has fallen only five times since the beginning of the year. As for ordinary gasoline, since January it has increased by 17 times, and has decreased only by 4 times.
The latest European Commission Fuel Bulletin lists Portugal as the eighth most expensive petrol out of 95 of the 27 countries in the European Union, 12 cents above the European average and 5.4 cents more expensive than Spain. Diesel takes 18th position in the European ranking.
