Fuel prices are changing again this week, this time to punish the pockets of patriotic drivers. Therefore, “the development of prices in euros indicates an increase in the price of diesel and 95 gasoline by up to 2 cents per liter,” a source from one of the oil companies told the “Executive Summary.”
In the same context, another source explained that in gas stations adjacent to supermarkets, the so-called “low-cost”, “the trend will be towards an increase of 0.0159 euros for 95 gasoline and 0.0168 euros for diesel.”
After two consecutive weeks during which fuel prices entered “roller coaster” mode, fuel prices are now showing an upward trend. Since the start of 2024, 95 gasoline has maintained a flat price, while diesel has fallen by half a cent – a margin that will be relaxed from today onwards.
Data from the General Directorate of Energy and Geology (DGEG) shows that the average price of a liter of petrol in Portugal currently costs €1,645 while diesel costs €1,562. However, prices may vary across gas stations, as the price quoted on the network also takes into account the level of competition, supply and demand in each market and the level of fixed costs at each station.
Portugal has the tenth most expensive 95 gasoline in Europe
The European Commission's latest fuel bulletin indicates that Portugal is the 10th most expensive 95 petrol in Europe, some 2.8 cents less than the European average and 11 cents more expensive than Spain. Diesel ranks sixteenth in the European rankings.
The price difference between Portugal and Spain results from the tax burden, because without taxes the price of gasoline is cheaper in Portugal. Without the tax burden, each liter of 95 gasoline in Portugal would cost 76 cents, meaning it would be cheaper than 79 cents in Spain.
Among the EU countries, Denmark has the most expensive 95 gasoline on the Old Continent: 1,952 euros. Finland “prevails” in diesel: 1,782 euros.
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