The prices of fuel are set to decrease at the beginning of next week, although not as significantly as initially forecasted by the Automóvel Club de Portugal due to a government decision to reduce the tax discount.
A reduction of seven cents per liter for diesel and 3.5 cents per liter for gasoline was initially anticipated. However, with the increase in ISP, these reductions are now expected to be five cents and two cents per liter, respectively.
The government states that this revision aligns with the recommendations of the European Commission, which suggests the gradual removal of exceptional and temporary measures, implemented to mitigate fuel price increases amid the COVID-19 pandemic and the Russian invasion of Ukraine, as the energy market evolves.
“In this context, the current decree partially reverses the extraordinary and temporary measures, updating the unit rates of the ISP on gasoline and diesel, promoting the necessary gradual reversal of the temporary measures adopted by the ISP,” the official document states.
Where are the prices cheapest?
According to the latest data published by DGEG on the Preços dos Combustíveis Online website, here are the most economical fuel stations:
Most economical fuel stations© DGEG
To find the cheapest fuel stations near you, visit this link and select the ‘filter by municipality’ option at the top. Then, click on the respective district in the list displayed. Finally, select the municipality you wish to consult, as well as the type of fuel.
How is oil performing in international markets?
The Brent crude oil price for January delivery closed on Thursday in the London futures market, up by 0.33%, at $63.34.
North Sea oil, a benchmark in Europe, ended the session on the Intercontinental Exchange at 21 cents above the $63.13 with which it closed the previous day’s trading.
As usual on Fridays, the Automóvel Club de Portugal (ACP) has already released forecasts for next week’s fuel prices.
Beatriz Vasconcelos | 10:14 – 28/11/2025
European crude continued its upward trend, but investors cautiously assessed the potential outcomes of a possible Ukraine-Russia agreement, which could ease sanctions on the Russian oil sector and increase global supply, even as demand cools.
Analyst Fawad Razaqzada noted in his bulletin that a more relaxed geopolitical situation and the end of the war in Ukraine might mean lower prices.
Earlier last week, Razaqzada even suggested that Brent prices might fall below $60.
“Without a compelling catalyst to sustainably boost prices, the overall outlook for crude continues to lean towards being bearish. Any confirmed peace agreement could eventually return more Russian barrels to an already oversupplied global crude system, keeping the upward trend limited and the risk of a downward trend on the horizon,” he said today.
