Increase imminent for fuel prices: petrol and diesel.
Enjoying a sunny day in Portugal just got a teeny bit pricier! The Automóvel Club de Portugal has announced that both diesel and petrol will see a small hike of 0.5 cents. As of June 6, 2022, diesel was sold at an average of 1.514 euros per liter, while petrol retailed for 1.675 euros.
If we peer into the crystal ball for the upcoming week, the DGEG (General Directorate of Energy and Geology) predicts the average price of regular diesel to climb to €1.519/l, while petrol rises to €1.70/l by way of an increase. However, these projections depend on the continuation of the extraordinary tax reduction measures put in place by the government to combat soaring fuel prices.
Looking further into the future, we find that prices have been relatively stable over the years. For example, as of June 2, 2025, diesel and petrol averaged around EUR 1.41 and EUR 1.68 per liter, respectively. Keep in mind, though, that these figures are subject to change due to various factors influence prices, such as global oil trends, taxes, economic outlook, and government policies.
By the way,did you know that Portugal has been implementing reduced excise duties on petrol and diesel as part of its energy policy, which aids in managing energy costs and fostering economic growth? Moreover, the European energy scene has witnessed fluctuating fuel prices due to factors like crude oil prices and local taxes. You can check out the latest facts and figures to stay clued-up on the fuel situation!
- The increase in diesel and petrol prices in Portugal may have a ripple effect on various sectors, potentially affecting the overall industry and finance landscape, especially the energy sector.
- As Portugal continues its energy policy of reduced excise duties on petrol and diesel, it will be interesting to observe how these decisions impact not only the domestic market but also the broader European energy industry, given the fluctuating fuel prices in the region.
