From Monday, October 27th, fuel prices will fluctuate in opposite directions: while diesel will be two cents more expensive, gasoline will be two cents cheaperreveals the Automóvel Club de Portugal (ACP), citing sources in the sector.
According to the General Directorate of Energy and Geology (DGEG), this Thursday, October 23rd (most recent data available), the average price of a liter of diesel in Portugal was 1.523 euros, while that of gasoline was worth 1.695 euros.
If the predictions for next week are confirmed, the average price of simple diesel will remain at 1,527 euros and that of simple 95 gasoline will remain at 1,698 euros.
For its part, the daily bulletin of the National Entity for the Energy Sector (ENSE) reports this Friday a selling price to the public (obtained based on gantry prices announced by suppliers) of 1,743 euros per liter for gasoline and 1,589 euros per liter for diesel.
The portal price is the average price reported by operators of gas stations sold to the public at the Balcão Único da Energia, corresponding to the basic commercial offer, free from discounts, fleet cards and others.
These prices are both above the reference value calculated by ENSE for gasoline and diesel: 1.474 euros per liter and 1.417 euros per liter, respectively. Of these values, the largest portions relate to ISP, VAT and other taxes.
According to the ACP, the estimates presented are based on the assumption of maintenance of the extraordinary tax reduction measures applied by the Government to mitigate the increase in prices. Measures in force include reducing ISP and offsetting additional VAT revenue.
These forecasts also take into account the evolution of oil and refined product prices. In this Friday’s session, the price of a barrel of Brent oil – which serves as a reference for Europe – opened at 65.95 dollars, according to ENSE.
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