O Fuel prices are expected to exhibit mixed trends starting this Monday. The Automóvel Club de Portugal (ACP) forecasts an increase in diesel prices, while gasoline prices are expected to decrease.
Projections indicate a rise of 1.5 cents for diesel and a reduction of half a cent for gasoline.
Currently, regular diesel costs 1.584 euros per liter, while regular gasoline 95 costs 1.701 euros per liter, based on the latest average prices updated by the Direção-Geral de Energia e Geologia (DGEG) on the Preços dos Combustíveis Online website.
These daily average prices, it should be noted, “are determined based on prices reported by fuel stations, weighted by the quantities sold in the last known period, incorporating discounts offered at refueling stations such as fleet cards and others”.
Where is it cheaper to refuel?
To find the cheapest fuel stations near you, visit this link and select the ‘filter by municipality’ option, then click on the respective district in the presented list. Finally, select the municipality you wish to consult, as well as the fuel type.
According to the latest data released by DGEG, these are the cheapest stations in the country:
The most economical fuel stations in the country© Reprodução do site da DGEG
How is oil trading on international markets?
The price of Brent crude for January delivery closed down 0.22% at 63.38 dollars on Thursday in the London futures market.
North Sea crude, a European benchmark, ended the session at the Intercontinental Exchange trading 14 cents lower than the 63.52 dollars at which it closed on Wednesday.
Brent continued to trade negatively due to persistently weak global demand, particularly in the US and China.
This structural factor was compounded by the appreciation of the dollar and the decision of OPEC+ to increase its production by 137,000 barrels per day in December and maintain it at least through the first quarter of 2026.
OPEC+ includes members of the Organization of the Petroleum Exporting Countries along with allies like the Russian Federation.
Reversal of the ISP discount to be “as gradual as possible”
The elimination of the current discount on the Imposto sobre os Produtos Petrolíferos e Energéticos (ISP) in 2026 will be conducted “as gradually as possible” to avoid impacting the final fuel prices, assured the Finance Minister.
During the debate on the state budget proposal for 2026 (OE2026) in the Parliament’s Committee on Budget, Finance, and Public Administration, Minister Joaquim Miranda Sarmento reminded that the reversal of state support is an obligation of the European Commission, as it concerns a “temporary discount created in 2022” when, at the onset of the Ukraine war, oil prices reached “120-130 dollars a barrel, whereas today it is 60 dollars”.
“The reversal of the ISP discount will always be as gradual as possible to not impact the final price of gasoline and diesel,” stated Miranda Sarmento when queried by Chega party deputy Pedro Pinto whether the reversal would be gradual or entail a full 100% cut in the discount.
The minister emphasized that the discount is temporary by nature and insisted its removal will proceed “as far as possible,” aiming to “protect the fuel prices at gas stations”.
“Except for Spain, Portugal does not have much higher fuel prices than most eurozone countries,” he said.
