Latest news and stories about fuel prices in environment in Portugal for expats and residents.
The article analyzes the economic impact of rising fuel prices in Portugal, highlighting the inflationary pressure on essential goods and the government's perceived inaction compared to neighboring Spain. It advocates for targeted fiscal interventions to support families and businesses while questioning the long-term sustainability of current tax policies.
David Pontes argues that a combination of energy conservation and price adjustments is a necessary and responsible strategy to address the current energy crisis.
Prime Minister Luís Montenegro faces a heated parliamentary debate as opposition parties criticize the government's response to rising fuel prices triggered by the conflict in Iran.
In a context still marked by geopolitical risks in the Middle East, with effects on fuel prices and risks to energy supply in the European Union (EU) – as well as access to raw materials such as fertilisers or chemicals – it is important to analyse not only Portugal's energy dependence, but also the efficiency with which it uses...
The fuel crisis caused by the war in Iran is being used by Brussels to try to accelerate a structural transformation towards clean energy and energy efficiency. However, the countries' response is primarily focused on measures for immediate mitigation of the impact of rising prices and the potential political 'cost' it may bring them.
There was an agreement to reopen the Strait of Hormuz.
An average of 509 electrified cars were sold per day up to March, with the war in Iran putting upward pressure on diesel and petrol prices.
The National Confederation of Agriculture demands that the support amounts “be adjusted to the needs”.
Since the beginning of the conflict in the Middle East, prices in the European Union have increased by approximately 70% for gas and 60% for oil. Brussels is preparing a package of measures to support families and businesses.
The European Commissioner for Energy suggested measures to reduce demand due to pressures on diesel and aviation fuel.
The European Commission warned today of a “potential prolonged disruption” in the European Union's (EU) energy sector due to the conflict in the Middle East, proposing measures to reduce oil demand and encourage more moderate fuel consumption.
European Union energy ministers are meeting this Tuesday, March 31, via videoconference to assess energy supply security in light of the escalating conflict in the Middle East. The extraordinary meeting, not originally scheduled by the Cypriot presidency, was announced last Friday and begins at 2:00 PM mainland Portugal time. The call comes about a month after the US and Israeli attack on Iran on February 28 and Tehran's subsequent closure of the Strait of Hormuz—a route that carries about 20% of the world's oil. Since then, tanker traffic has fallen sharply, supply has shown signs of strain, and crude prices have risen back above $100 per barrel. Although the European Commission has assured that 'energy supply is currently guaranteed,' volatility in gas, oil, and electricity markets continues to pressure consumers and businesses. Faced with this scenario, Brussels is preparing a package of measures to be announced later this week, aimed at easing electricity prices and strengthening energy security. Among the actions being studied is the relaxation of state aid rules for immediate support to the most affected sectors and initiatives to reduce the burden of fuel costs, including temporary tax cuts, without compromising the financing of the transition to clean energy. The Commission is also working on legislative proposals to modernize power grids, make the emissions trading system more flexible, and increase investment in decarbonization technologies. The EU fears a repeat of the 2022 energy crisis, given the bloc's high dependence on fossil fuel imports and its exposure to shocks in global markets linked to the Middle East. This meeting aims to coordinate immediate responses among member states and prepare medium-term measures to mitigate the economic impact of the current instability.
The EU is facing an energy crisis marked not by an immediate supply shortage, but by a sharp increase in energy prices.
Europe is facing another potential energy shock — and this time, Brussels is starting to float something politically tricky: using less fuel. Host Zoya Sheftalovich is joined by POLITICO’s senior EU politics editor Ian Wishart to break down a warning from Brussels that points to a possible need to cut fuel use, as fears grow ...
A man told CMTV that he considers it “much more advantageous” to pay for an electric car than to bear the constant increases in fuel prices.
Owners of agricultural machinery report being unable to manage their earnings in the face of rising fuel costs and point out that government support is a “drop in the ocean.”
The Government is expected to approve a 10-cent reduction in agricultural diesel for forestry producers and fishermen this week, in response to rising fuel prices caused by the conflict involving Israel and Iran, the Minister of Agriculture announced today. José Manuel Fernandes stated that the measure will be discussed at Friday's Council of Ministers meeting, with the goal of lowering costs by 10 cents whenever price increases exceed that amount. The Minister also noted that the government is working on support formulas for fertilizer costs, depending on the duration and impact of the conflict.
The Government is expected to approve a ten-cent reduction in agricultural diesel this week for forestry producers and fishermen, in response to the rise in fuel prices caused by the war between the United States, Israel, and Iran, the Minister of Agriculture announced this Wednesday. “We will have a reduction this week... for the...”
The Government is expected to approve a 10-cent reduction this week on agricultural diesel for forestry producers and fishermen, in response to the rise in fuel prices caused by the war between Israel and Iran, the Minister of Agriculture said today.
The price of agricultural diesel has risen by 50% in the last month. The evolution of prices also has an impact on fertilisers and agrochemicals, which will quickly reach farmers.
Filling a tractor's fuel tank costs 150 euros more than it did before the war in the Middle East. RTP spent this morning with farmers in Baixo Mondego.
The minister let the truth slip out: we shall wait and pray...
If the war does not last too long, Portugal will not face any crisis due to a potential gas shortage: for now, reserves are sufficient, guarantees the Director-General of Energy and Geology. Paulo Carmona admits, however, that the country may suffer the impact of the Middle East war, which is affecting fuel prices. The blame lies with multilateralism.
In addition to physical oil products, it also holds purchase rights in European countries.
Energy ministers met in Brussels to analyse ways to respond to increases in the sector, especially if prices continue to rise in the coming days. Maria da Graça Carvalho says the goal is to coordinate the reaction at a European level without altering the path already defined for decarbonisation and without changing market rules.
The article discusses how escalating conflicts in the Middle East threaten to increase oil prices, potentially costing European drivers an additional €150 million daily if oil prices surpass $100 per barrel. Europe's heavy dependence on imported fossil fuels makes it vulnerable to geopolitical tensions, leading to higher fuel costs and economic instability. Despite temporary measures like fuel subsidies, structural dependence remains, with significant financial support allocated to fossil fuel industries. The adoption of electric vehicles (EVs) is gradually reducing oil consumption, with EVs already saving drivers around €39 million daily. The article emphasizes that accelerating the transition to renewable energy and EVs could significantly decrease Europe's reliance on imported oil and mitigate future geopolitical and economic risks.
The national energy supply chain does not even depend on oil or natural gas exported by Persian Gulf countries. And “there is no supply problem at Sines today,” guarantees the president of the main national port for crude oil and natural gas.
Energy economics expert António Cardoso Marques analyses the impact that the conflict in the Middle East is having on fuel prices.
Nuno Ribeiro Silva, former president of Endesa, analyses the impacts of the conflict in the Middle East on global fuel price fluctuations.
The Prime Minister announced this Wednesday that Portugal will make 10% of its strategic oil reserves available “in principle” to increase supply and help contain fuel prices.
