The week began with an increase in fuel prices, consistent with forecasts. This rise impacted both diesel and gasoline. Here is a breakdown of the new prices.
Simple diesel increased from 1.574 euros per liter to 1.604 euros per liter between Friday and Monday, marking a rise of three cents.
Similarly, simple 95 gasoline rose from 1.673 euros per liter to 1.690 euros per liter over the same period, an increase of 1.7 cents, as updated by the Directorate-General for Energy and Geology (DGEG) on Tuesday.
Average daily prices are calculated based on prices reported by fuel stations, weighed with quantities sold in the last known period, incorporating discounts from refueling stations such as fleet cards, according to information on the Fuel Prices Online portal, which processes data from 2,884 active stations.
Forecasts indicated an increase of 3.5 cents for diesel and two cents for gasoline, according to the Automobile Club of Portugal (ACP) at the end of last week, referencing industry sources.
Both diesel and gasoline are more expensive this Monday, according to forecasts released at the end of last week. Check the values to know what to expect.
Beatriz Vasconcelos | 07:59 – 14/07/2025
How is the oil market faring?
The price of Brent crude oil for September delivery closed on Monday on the London futures market down 1.63%, dropping below the 70-dollar mark to 69.21 dollars.
North Sea crude, the European benchmark, ended the Intercontinental Exchange session 1.15 dollars below the previous session’s closing rate of 70.36 dollars.
Brent began the week on a downturn, falling below 70 dollars, as investors assess threats from U.S. President Donald Trump to impose new sanctions on Russian oil unless Kremlin leader Vladimir Putin agrees to a peace deal in Ukraine within 50 days.
The U.S. President expressed his intent to impose tariffs “of about 100%” on Russia and secondary sanctions on countries or entities that purchase Russian oil.
The uncertainty surrounding Trump’s tariff policies, with its fluctuations, caused significant crude price volatility last week after the Republican president extended the deadline for trade negotiations with key partners, such as the European Union (EU), until August 1.
The price of Brent crude oil for September delivery ended today on the London futures market down 1.63%, falling below the 70-dollar threshold to 69.21 dollars.
Lusa | 21:37 – 14/07/2025
