Fuel prices are set to become significantly cheaper starting Monday, so it may be wise to wait if you need to fill up your vehicle’s tank.
Diesel is expected to decrease by 6.5 cents, while gasoline should become 7.5 cents cheaper,.
The Automóvel Club de Portugal (ACP) has noted that if the forecasts for the coming week are confirmed, the average price of simple diesel could fall to 1.52 €/l, while simple gasoline 95 might decrease to 1.669 €/l.
The Brent crude barrel price for June delivery closed on Thursday in the London futures market with a decrease of 3.28%, settling at 63.33 dollars.
This drop is being attributed to the market’s assessment of the 90-day tariff pause announced yesterday by the United States.
North Sea crude, a reference in Europe, ended the session down by 2.15 dollars compared to the previous day on the International Exchange (ICE), where it stood at 65.48 dollars.
Oil Nears Four-Year Lows
“Oil continues to decline, with Brent falling 0.3% to 63.13 dollars and WTI dropping 0.5% to 60.11 dollars—both remain near four-year lows. These declines are still supported by demand concerns related to the US-China trade war,” stated XTB in a commentary.
