Latest news and stories about fuel prices in infrastructure in Portugal for expats and residents.
David Pontes argues that a combination of energy conservation and price adjustments is a necessary and responsible strategy to address the current energy crisis.
Galp and Moeve have entered detailed talks to combine their refining operations and filling-station networks, a complex transaction that is likely to be lengthy and closely scrutinised. The Portuguese Communist Party has already criticised the proposed deal and the government will have a role in the approval process, raising political as well as regulatory stakes. The transaction will test Brussels’ evolving approach to competition and regulation in the energy sector, with implications for pricing, investment and market structure in Portugal.
Fuel prices are set to increase significantly in Portugal starting next week.
Fuel prices in Portugal will rise again next week, with simple diesel increasing by an average of 10 cents per litre and 95-octane petrol becoming 6.5 cents more expensive.
The Azores are seeing a historic increase. Reporter Luísa Couto shows the effect it is having at fuel stations. A rush to the pumps is expected after lunch. Prices are up by 37 cents for diesel and 22 cents for petrol. In the region, the update is carried out monthly.
Fuel prices in the Azores will see a significant increase starting Friday. Road diesel will rise by 36.3 cents per litre and 95-octane unleaded petrol by 21.7 cents per litre.
The conflict in the Middle East and the subsequent rise in fuel prices continue to penalise global aviation. After the war forced the temporary closure of major international connection hubs such as Dubai, Abu Dhabi (United Arab Emirates), and Doha (Qatar), airlines have begun cancelling flights due to the increase in...
Starting Monday, the average price of standard diesel is expected to be 1.928 euros per litre, and standard 95 petrol will be 1.921 euros per litre.
The regulator's comparison tool now also provides a real-time top 10 list of the cheapest fuel prices.
The new Fuel Observatory will monitor the production, import, export, and reserve levels of transport fuels in the EU to quickly identify potential shortages.
Prices will drop on Monday in Portugal; the largest decrease is recorded in the price of diesel
Fuel prices are set to decrease this afternoon, with diesel seeing a significant reduction of 13 cents and petrol falling by approximately 3 cents.
The largest decrease is seen in diesel, followed by marked diesel and IO95 petrol.
KLM has already announced that 160 flights will have to be cancelled due to the rise in jet fuel prices
Brent crude oil and natural gas prices rose again following the end of negotiations between the US and Iran in Pakistan, and after the US president announced the blockade of the Strait of Hormuz.
If you need to fill up your car's tank, it is better to wait until next week. Starting Monday, a decrease in diesel and petrol prices is expected, following the drop in oil prices after the announcement of a two-week ceasefire in the Middle East. The price of diesel, the most used fuel...
Economist Filipe Grilo analyses the economic impact of the ceasefire between the US and Iran, particularly regarding fuel prices and interest rates.
The Government and Antram met today to discuss the sector's demands in light of rising fuel prices. The association says the Government is aware of the problem, but speaks of latent discontent that could lead to protests.
The consortium that bid for the purchase of the Azorean airline says its exclusion from the tender is illegal, makes harsh criticisms of the jury and SATA's administration, and promises to fight back.
The Business Council of the Coimbra Region has appealed to the Government for an immediate and effective intervention, with concrete measures to halt this worsening situation.
The Madeiran executive will support public passenger transport with 400,000 euros in order to avoid fare and travel pass hikes.
The National Association of Public Road Freight Carriers points out that fuel prices are becoming unaffordable. Without new support, the ANTRAM spokesperson warns that costs are being passed on to customers and is calling for treasury support.
The President of the Republic has enacted legislation creating exceptional and temporary support to address rising fuel prices following the war in the Middle East, according to a statement released on Monday, March 30. The government decree establishes compensation for the surge in fuel costs caused by the Middle East conflict, benefiting passenger and freight transport operators, social sector entities, humanitarian fire brigades, and the agricultural, forestry, fishing, and aquaculture sectors. The government approved these measures, costing approximately 150 million euros per month, during Friday's Council of Ministers meeting. In addition to maintaining the ISP tax discount in effect since March 9, new support measures will apply from April 1 to June 30, including aid for professional diesel used in freight transport, extraordinary support for the agricultural and fishing sectors, assistance for fire brigades and taxi companies, and a one-off payment to private social solidarity institutions. Meanwhile, the average price of petrol has fallen, while diesel remains above two euros.
The National Association of Public Road Freight Carriers (ANTRAM) has called a meeting of its members for 1 April to assess the Government's “insufficient response” to limiting the impact of rising fuel prices. The association stated that, given the inadequate measures taken to address the price hikes exacerbated by the war in Iran, they will gather in Coimbra to consult with sector companies and determine future actions to protect their members' interests. The Government recently approved an extraordinary support measure of 10 cents per litre for professional diesel, following a previous similar discount, as diesel prices in Portugal have risen by approximately 30% since the start of the conflict in the Middle East.
Vehicles are also driving at a slow pace.
The 25 de Abril Bridge Users Association organised a honking protest against rising fuel prices this Monday.
Vehicles are also driving at a slow pace.
Fuel prices are set to drop slightly next week following two weeks of sharp increases in diesel and petrol. According to the Automobile Club of Portugal (ACP), which consulted industry sources, diesel will fall by between half a cent and one cent, while petrol will decrease by 2.5 cents on Monday, March 30. If this holds, the average price of simple diesel will settle between 2.055 and 2.06 euros per litre, while the average price of simple 95 petrol will drop to 1.904 euros per litre. Prices are showing signs of slowing, but potential fluctuations in crude oil prices on financial markets due to tensions in the Middle East could still change the outlook this Friday. Data from the Directorate-General for Energy and Geology (DGEG) indicates that current prices are 2.065 euros and 1.929 euros, respectively. Meanwhile, the Zero association is calling for the Lisbon Metro to open at 05:30 due to rising fuel costs, and the fuel price hike has caused 1,500 ride-hailing vehicles (TVDE) to stop operating this month in Lisbon and Porto. The government has approved a new reduction in the ISP fuel tax for Monday.
The association states that the stoppage is not more noticeable only due to the fleet of electric vehicles, which continues to operate.
Market analyst Ricardo Evangelista argues that “given the bottleneck of oil tankers in the Gulf region, it will take a long time until prices return to where they were before the start of the conflict.”
