Fuel prices drop next week – Executive Summary

There is good news for Portuguese drivers. Fuel prices will fall next week: “The development of prices in euros indicates a price decline of 0.5 cents per liter for gasoline and 2.5 cents per liter for diesel,” a source from one of the national publications of the major oil companies told Executive. Understand.

In the same vein, prices at gas stations next to supermarkets follow the market trend. “Next week’s trend will be a €0.0080 drop in gasoline and a €0.0243 drop in diesel,” another source said.

Since the beginning of the year, the price of diesel has increased by 9 cents per liter, while the price of gasoline has increased by 10 cents. This means that filling a 60-litre diesel fuel tank costs €5.5 more than it did twelve weeks ago. It takes 6.2 euros more to fill a gas tank than it did in the first week of January.

Data from the General Directorate of Energy and Geology (DGEG) shows that the average price of a liter of petrol in Portugal currently costs €1,775 while diesel costs €1,728. 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.

In the latest bulletin issued by the European Commission, Portugal ranks ninth among the countries with the most expensive gasoline in the European Union, that is, one cent higher than the European average and 11 cents more expensive than Spain. Diesel ranks 14th.

The price difference between Portugal and Spain results from the tax burden, because without taxes, each liter of 95 gasoline in Portugal would cost 86 cents, that is, it would be cheaper than the 90 cents imposed in Spain.

Source: DGEG