By Andrea Hargraves 
Prices already take into account discounts applied by gas stations and a review of temporary tax measures
Fuel prices will rise next week. The price of diesel, the most widely used fuel in Portugal, and gasoline are expected to rise by 2 cents from Monday, an industry source told the OECD.
From Monday onwards, when you go to refuel, you will have to pay 1,581 euros per liter of simple diesel and 1,665 euros per liter of 95 simple gasoline, taking into account the average values observed at the pumps on Monday, published by the Directorate General of Energy and Geology (DGEG). ).
These prices already take into account discounts applied by gas stations and a review of temporary tax measures to help mitigate the rise in fuel prices. The tax reduction determined by the procedures currently in effect amounts to 25 cents per liter of diesel and 26 cents per liter of gasoline.
Prices may also be subject to changes to take into account closing Brent crude oil prices on Friday and foreign exchange market behavior. But also because the final prices result from the average values charged by all gas stations. It is also worth noting that the prices charged to the end consumer may vary depending on the gas station.
Diesel prices rose this week by 0.9 cents and gasoline prices rose by 0.1 cents. Market forecast He pointed to the stability of gasoline prices and the increase in diesel prices by one cent.
Brent crude prices, which serve as a reference for the European market, rose slightly on Friday (0.3%) to $79.34 per barrel, and are heading towards a slight weekly increase taking into account the optimistic expectations for demand behavior and production disruptions in the United States of America. Which helped dispel fears of slowing growth and continued high interest rates.
Both the International Energy Agency and the Organization of Petroleum Exporting Countries (OPEC) expect an improvement in demand over the next two years, taking into account China's economic recovery. Prices also received support this week from an unexpected drop in US oil inventories and a 40% drop in production in North Dakota due to extreme cold. However, adverse weather conditions limited travel, reducing fuel consumption.
Concerns about supply disruptions from the Middle East still loom as US-led forces continue to attack the Iran-backed Houthis in the Red Sea.