Fuel prices are expected to experience a divergent trend at the start of next week. The Automóvel Club de Portugal (ACP) has forecasted that the price of diesel will decrease by 1.5 cents, while gasoline prices will remain unchanged.
“If these forecasts for the coming week are confirmed, the average price of regular diesel will be set at 1.527 euros, and that of regular gasoline 95 will remain at 1.698 euros,” states the ACP website.
Currently, regular diesel is priced at 1.542 euros per liter, and regular gasoline 95 costs 1.698 euros per liter, according to the latest average prices updated by the Directorate-General for Energy and Geology (DGEG) on the Fuel Prices Online website.
ACP adds that “these forecasts are based on the assumption of the continuation of the extraordinary tax reduction measures implemented by the government to mitigate price increases.”
“The measures in place include a reduction in the Petroleum Products Tax (ISP) and the compensation of additional VAT revenue,” it is further stated.
The Minister of Finance has assured that the government is working on a solution for the end of the discounts on the tax on petroleum and energy products (ISP), as recommended by the European Commission, which will not raise fuel prices.
The Minister of Finance assured today that the government is working on a solution for the end of the discounts on the tax on petroleum and energy products (ISP), as recommended by the European Commission, which will not raise fuel prices.
“We will look for moments of price reduction to reverse these discounts,” stated the Minister of State and Finance, Joaquim Miranda Sarmento, during the presentation of the State Budget proposal for 2026 in Lisbon.
The minister pointed out that this issue has been raised by the European Commission since 2023, being “the only comment” the institution made in the evaluation of the Medium-Term Budgetary Program in October of last year, and in a new letter received in June, urging the government to end the discounts on the ISP.
The Minister of Economy and Territorial Cohesion, Manuel Castro Almeida, had already admitted “adjustments” in fuel prices.
The price of Brent crude oil for December delivery ended today in the London futures market down 1.37%, at 61.06 dollars. North Sea crude, a benchmark in Europe, closed the session on the International Exchange at 85 cents below the 61.91 dollars it traded at on Wednesday.
Brent continued its downward trend, with its price falling to the lowest since May, following the trade war initiated by Donald Trump.
This time, commercial fears among investors are once again predominant, amid escalating tensions between the US and China, alongside a potential global recession scenario and an oversupply of oil in the market.
