Fuel costs continue to increase, with both petrol and diesel experiencing a price hike.
Hey there! Here's the lowdown on the latest fuel prices in Portugal. According to the Automóvel Club de Portugal, we're looking at quite a jump for diesel and a minor bump for petrol. Diesel is gonna set you back eight extra cents per litre, while petrol will cost an extra three cents.
Currently, if you're filling up on diesel, you're paying around 1.536 euros per litre, and for petrol, it's 1.692 euros. But if the forecasts for the week of June 23 to 29 hold true, Diesel may cost an average of €1.616 per litre, and Petrol, €1.722.
Mind you, these predictions are based on the government's ongoing tax reduction measures to counter the hike in prices. The measures involve a reduction in the ISP (which is like a lowering of VAT by 23% and 13%), a compensation mechanism, and the suspension of the carbon tax update.
These moves aimed to soften the blow of increasing fuel prices[1]. So while the costs are going up, thanks to these tax cuts, the uptick may not be as painful as it could've been. Keep that in mind next time you fill 'er up!
In the upcoming week from June 23 to 29, the average price of diesel in Portugal might drop to €1.616 per litre, reflecting a potential decrease due to the government's tax reduction measures. Meanwhile, petrol is forecasted to cost €1.722 per litre, indicating a minor increase despite the tax cuts in the industry and finance sector, particularly in the energy industry.
