The week begins with a rise in fuel prices, as indicated by the latest forecasts released on Friday by the Automobile Club of Portugal (ACP). The price per liter of diesel is expected to increase by half a cent, while the price per liter of gasoline is set to rise by three cents.
If these predictions are confirmed, the average price for simple diesel will settle at 1.609 euros per liter, and simple 95 gasoline will climb to 1.735 euros per liter, according to the ACP.
However, by choosing the right place to fill up, you can save a few cents. To find the cheapest fueling stations nearby, you can access this link, select ‘filter by municipality’ at the top, then click on the respective district from the presented list. Finally, choose the municipality you wish to check, as well as the type of fuel.
Based on the latest data released by the Directorate-General for Energy and Geology (DGEG), these are the cheapest fueling stations in the country:
How is oil faring in international markets?
The Brent barrel for January delivery ended Friday’s session on the London futures market with a significant rise of 2.19%, closing at $64.39.
The North Sea crude, a benchmark in Europe, closed the session at the Intercontinental Exchange, trading $1.38 above the $63.01 mark at the close of transactions on Thursday.
Despite a highly volatile week, during which it hit the lowest levels since October 21, Brent ended with a 1.19% increase compared to the previous week.
The price surged on Friday by more than 2% after reports that the port of Novorossiysk in southwestern Russia had suspended oil exports following a Ukrainian attack, raising investor fears about potential disruptions in Russian oil supply.
The port of Novorossiysk is central to Russia’s energy infrastructure as it exports 2% of the world’s supply, equivalent to 2.2 million barrels daily.
