In the second quarter, taxes constituted 55% of the average sale price of gasoline 95, 49.5% of diesel, and 44.1% of autogas, according to an analysis released by EPCOL – Portuguese Companies of Fuels and Lubricants.
EPCOL highlighted that the international quotations for all products decreased compared to the previous quarter and the same quarter last year. Average prices before taxes (PMAI) and average consumer prices (PMVP) mirrored this trend, except for autogas, where PMAI and PMVP increased compared to the previous year.
Between April and June this year, the Tax on Petroleum and Energy Products (ISP) remained the same for gasoline and diesel compared to the previous quarter and increased by 0.3 cents per liter (c/l) for autogas, EPCOL noted.
The value-added tax (VAT) decreased across all products due to the reduction in their respective PMVP.
Meanwhile, storage, distribution, and marketing costs rose by 0.1 c/l for gasoline, 0.9 c/l for diesel, and 5.8 c/l for autogas compared to the previous three months.
Compared to Spain, the average quarterly PMAI was lower for gasoline 95 (-0.7 c/l), diesel (-2.1 c/l), and autogas (-27.9 c/l), while compared to the eurozone average, the national PMAI was higher for gasoline 95 (4.1 c/l), diesel (2.0 c/l), and lower for autogas (-1.0 c/l).
As for PMVP, compared to Spain, the national average was higher for gasoline 95 (21.4 c/l), diesel (15.1 c/l), and lower for autogas (-8.6 c/l).
Compared to the eurozone average, the national PMVP was higher for gasoline 95 (1.4 c/l), lower for diesel (-0.1 c/l), and higher for autogas (10.3 c/l).
EPCOL cautioned that, as noted by the European Commission, these comparisons should be taken with some reservation since price reporting is not uniform, and the level of biofuel incorporation, as well as its fiscal treatment, varies across countries.
