On Tuesday there was a further decline in fuel prices in Portugal. Oil returns to decline
After Monday, when fuel prices fell about seven centson Tuesday, average prices in Portugal continued to fall.
Fluctuations in the middle of the week, as a rule, are smaller than on Monday, but keep the trend. And this trend continues to decline: in particular, for twenty days diesel has been in an almost continuous fall.
If on June 23 the average price of plain diesel fuel in continental Portugal reached 2.1 euros per liter, which is the highest selling price in Portugal, then on Tuesday it was fixed at 18.4 cents per liter cheaper than 20 days ago.
O Regular diesel now costs 1.916 euros per litre., after falling another 0.7 cents from Monday (or 7.7 cents less from Monday the previous week). already special diesel fuel costs 1.943 euros per liter0.4 cents less than the day before (and 7.3 cents less than the week before).
Data obtained from the Directorate General of Energy and Geology and refer to the average used in mainland Portugal. The same data shows that gasoline prices also continue to decline.
BUT plain gasoline 95 now costs 2.015 euros per liter, down 0.4 cents from the day before (and 6.9 cents down from last week’s Monday). already special gasoline 95 costs 2029 euros per liter after dropping another 0.2 cents on Monday (or 7 cents less than a week earlier).
Finally, to gasoline 98 costs 2167 euros per litre, down 1.3 cents from the day before, and special gasoline 98 costs 2174 euros per litre, down just 0.1 cents from Monday – both are now 7.2 cents down from last week’s Monday, July 4th.
This happens simultaneously with oil returns to decline. After bouncing back up to $107 a barrel on Friday and Monday, the Brent index fell again on Tuesday to below $100, the level it had been at this Wednesday morning: around noon (Lisbon time), Brent traded at $99 a barrel.
It should be remembered that on February 23, on the eve of Russia’s invasion of Ukraine, the Brent Index closed at close to $94, so it has since risen by 5.3% in US dollars, a percentage increase that almost tripled when measured in US dollars. euro, as the European currency has meanwhile depreciated against the North American currency.