Oil price at record highs drives up fuel costs

Monday, 9 March 2026RSS
Oil price at record highs drives up fuel costs

The price of crude oil is projected to surpass 100 dollars soon, with potential to reach 150 dollars if production is halted, leading to increased fuel costs.

Context & Explainers

Zero is a Portuguese environmental NGO that tracks energy use, emissions and climate policy; in 2025 it reported electricity consumption reached 53.1 TWh and that increased reliance on gas raised CO2 emissions by about one million tonnes. Its analyses shape public debate and policy on the energy mix, which influences electricity costs, climate targets and regulatory changes that affect households and businesses.

AI Summary AvailableZero warns Portugal is exposed to oil market volatilityRead the synthesized summary with context and explainers
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