Fuel prices will go down again from next week
Fuel prices will go down again from next week – this is the eighth consecutive drop, reflecting the average prices of gasoline and diesel on the international markets: “The evolution of prices in euros points to a drop in the price of 95 gasoline by 1 cent per liter. Diesel, on the other hand, will be 2 cents cheaper,” an industry source told Executive Digest.
In the same vein, at filling stations next to hypermarkets, “the trend next week will be for petrol 95 to fall by 0.0097 euros, but also diesel by 0.0177 euros.”
Data from the Directorate General for Energy and Geology (DGEG) shows that the average price of a liter of petrol in Portugal is currently 1.639 euros, while diesel is 1.572 euros. However, prices can vary between petrol stations, as the price set 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.
Over the last seven weeks, fuel prices have been falling: gasoline and diesel have fallen by 13.2 and 15 cents per liter respectively, to which will be added the decreases planned for this Monday. Since January, the price of diesel has fallen by 5.8 cents, while the price of gasoline has fallen by 2.8 cents.
The European Commission’s latest fuel bulletin shows that Portugal has the 9th most expensive 95 gasoline in Europe, around 4.2 cents below the European average and 8.5 cents more expensive than Spain. Diesel ranks 14th in Europe.
The difference in price between Portugal and Spain is due to the tax burden, since without taxes, the price of petrol is cheaper in Portugal. Without taxes, each liter of 95 petrol in Portugal would cost 75.6 cents, which is cheaper than the 81.4 cents in Spain.
Among EU countries, the Netherlands has the most expensive 95 petrol on the Old Continent: 1.909 euros. Sweden reigns supreme when it comes to diesel: 1.987 euros.