Fuel prices are increasing again this Monday, March 23, as a direct consequence of the Middle East war, significantly impacting consumers' pockets. According to forecasts from the Automobile Club of Portugal (ACP), the price of simple diesel will rise by 16 cents per litre and 95-octane petrol by 9 cents. These increases will push the average price of diesel above the two-euro mark (to approximately 2.08 euros per litre), with petrol reaching 1.94 euros. These are approximate values and may vary by filling station, brand, and location. The rising cost of petroleum products is causing concern across various economic sectors and among the Portuguese public. ACP president Carlos Barbosa has publicly stated that the Government's response to this crisis is 'insufficient' and has called for new 'immediate' measures to alleviate the impact of the conflict. Since the start of the conflict on February 28, diesel has risen by about 45 cents and petrol by 25 cents, while tax relief on fuel (ISP) has been 'manifestly insufficient', reflecting only 6.1 cents per litre for diesel and 3.3 cents for petrol. The ACP notes that from this Monday, the relief will translate into a real saving of only 3.2 cents for diesel and 1.7 cents for petrol. Barbosa argues that the sustainability of the national economy and Portuguese families requires a significant reduction in tax revenue collected through ISP and VAT. The Confederation of Farmers of Portugal (CAP) also argues that the State should not benefit from this situation, noting that even with the ISP discount, State revenue will increase by 10% due to price hikes. CAP secretary-general Luís Mira stated that while the fuel market cannot be regulated, there should be compensation for farmers, as the State's revenue increases alongside fuel prices. CAP warned that food prices will also soar if the war continues, noting the conflict's impact on fertilizers, as 25% of supply comes from that region.
Fuel prices rise again. Diesel up 16 cents and petrol 9 cents this Monday
Sunday, 22 March 2026RSS






