The week commenced with a variation in fuel prices, with diesel becoming cheaper and gasoline maintaining its price, according to the average prices disclosed by the Directorate-General for Energy and Geology (DGEG) on the Preços dos Combustíveis Online website.
The price of regular unleaded gasoline 95 fell slightly from 1.698 euros per liter to 1.697 euros per liter between Friday and Monday. In contrast, the price of regular diesel dropped from 1.541 euros per liter to 1.527 euros per liter, a decrease of 1.4 cents, during the same period.
The forecasts had previously suggested that gasoline prices would remain stable compared to last week, while a reduction of 1.5 cents per liter was anticipated for diesel.
Diesel prices are expected to drop by 1.5 cents, while gasoline prices are expected to remain steady, as indicated by the projections released by the Automóvel Club de Portugal (ACP) on Friday. Check where the cheapest gas stations are.
Notícias ao Minuto | 07:50 – 20/10/2025
The Minister of Finance has assured that the government is working on a solution to end the discounts on the fuel tax (ISP), as recommended by the European Commission, without increasing fuel prices.
“We will look for moments of price reduction to be able to reverse these discounts,” stated the Minister of State and Finance, Joaquim Miranda Sarmento, while presenting the State Budget proposal for 2026 in Lisbon.
The minister noted that this issue has been raised by the European Commission since 2023, as it was the “only remark” made by the institution during the assessment 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 ISP discounts.
The Minister of Economy and Territorial Cohesion, Manuel Castro Almeida, had already admitted possible “adjustments” in fuel prices.
The price of Brent crude for December delivery ended on Monday on the London futures market, declining by 0.46% to 61.01 dollars.
The North Sea crude, a benchmark in Europe, closed the session at the International Exchange at 28 cents below the 61.29 dollars with which it ended transactions on Friday.
Brent concluded last week with losses of three percent and continued the trend today, even trading at 60.13 dollars during the day.
The price is declining amid investor concerns over a potential oversupply scenario in the market, along with issues regarding economic downturns stemming from economic and trade tensions between the United States and China.
“Weak growth projections and the energy transition in China and the US are hurting crude oil perspectives, exacerbated by US-China tensions,” opined Razan Hilal of Forex.
In her weekly analysis, this analyst added that “oil prices continue to descend to annual lows in a context of oversupply, weak demand, and customs concerns,” also warning of the possibility that the situation could worsen by the year’s end.
Last week, the International Energy Agency predicted a slowdown in consumption growth, while noting a “massive” increase in production in September due to enhanced supply from members of the Organization of the Petroleum Exporting Countries and allies like Russia, collectively known as OPEC+.
Brent, which surpassed 70 dollars per barrel at the end of September, experienced a decline of nearly ten dollars in less than a month after the geopolitical risk premium diminished following developments in Gaza and Ukraine.
