Fuel prices in Portugal are set to accelerate again next week, with a projected increase of about ten cents per litre. Petrol is expected to reach around 1.88 euros and diesel around 1.94 euros on average, with some stations potentially seeing diesel exceed two euros per litre. Final prices will vary by location and station, but consumers can check for the cheapest options on the Directorate-General for Energy and Geology (DGEG) platform. This follows recent hikes of 19 cents for diesel and 7 cents for petrol last week. The diesel increase was mitigated by the government through an exceptional discount on the Tax on Petroleum Products (ISP), preventing a rise that could have reached 25 cents. This price escalation is linked to the deteriorating geopolitical situation in the Middle East and the blockade of the Strait of Hormuz, which has pressured international energy markets. The government has admitted it may implement further measures if significant and lasting price increases occur.
Fuel prices to rise again next week
Friday, 13 March 2026RSS
Context & Explainers
Inflation measures how much general prices rise over time, usually reported year‑on‑year to compare a month with the same month a year earlier. Portugal’s National Institute of Statistics (INE) estimated January inflation at 1.9% year‑on‑year, down 0.3 percentage points from December, which affects rents, wages and everyday purchasing power for residents.
