Analysts say diesel prices in Portugal could jump by around €0.10 per litre next week following an attack in the Middle East, with fuel-retail association Anarec warning of “considerable increases.” The vice-president of Anarec said the conflict will have an inevitable effect on fuel and possibly natural-gas markets. Drivers and businesses that rely on fuel should budget for higher costs in the coming weeks and compare local prices.
Diesel expected to rise ten cents after Middle East attack
Tuesday, 3 March 2026AI summary
Context & Explainers
Higher crude oil prices raise wholesale fuel costs, and those increases typically reach Portuguese petrol and diesel pumps within days to weeks; the recent conflict has pushed oil to one‑year highs and European gas futures up roughly 40%, making fuel the first likely victim. Final pump prices also depend on taxes, VAT and distributor margins, so consumers should expect higher filling‑station bills but the exact change will reflect those tax and margin components as well as exchange rates.
Anarec is the trade association for fuel retailers and convenience stores, formally the National Association of Fuel Retailers and Convenience Stores (Associação Nacional de Revendedores de Combustíveis e de Lojas de Conveniência). Its leaders monitor and comment on retail fuel trends — for example the association’s vice-president Mafalda Trigo said diesel could rise by about €0.10 next week — so drivers and businesses should watch price updates.
Sources (3)
- Fuel prices expected to rise by ten cents next week after attack on IranECO · 5:14pm, 3 Mar 2026
- Conflict could lead to significant fuel price increase in Portugal, says EPCOLRTP Notícias · 10:55pm, 3 Mar 2026
- Fuels, food, and housing services more expensive due to the war in the Middle EastCorreio da Manhã · 1:30am, 4 Mar 2026
