Fuel prices going down in Portugal

Written By Lara Silva

In the last couple of weeks, as a result of the war in Ukraine, fuel prices in Portugal increased to over 2 euros a liter. As the European Union sanctions Russia, countries lose access to the world’s third-largest petroleum producer. The second week of March saw the sharpest fuel price increase in a week to ever happen in Portugal. However, fuel prices will decrease on Monday, diesel by 17 cents a liter and gasoline by 12 cents a liter, according to Diario de Noticias.

Despite the decrease in price, the government will maintain the measure of reducing the tax on fuel (ISP) by 3,4 cents a liter for diesel and 3,7 cents for gasoline. This means drivers will be paying 1,809 euros per liter for diesel and 1,898 euros per liter for gasoline.

This decrease comes as a relief to many this week, but it’s unclear whether prices will increase later on. Portuguese residents can make use of the government’s Autovoucher increase from 5 to 20 euros until the 30th of June to help pay for their gas.

Parties from the center to the right are calling on the Prime Minister to reduce the ISP even further. Portugal’s fuel tax remains higher than the EU average, but countries such as the Netherlands, France, and Italy have an even higher fuel tax.

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1 COMMENT

  1. I don’t get this non sense of comparing taxes of countries as to somehow justify high taxes. Can’t we be on the vanguard of taxation, ie get rid of it?

    How exactly is acceptable to pay ransom to the government every time you spend or earn money? Its theft however you put it.

    I’m Portuguese and I pay more 90% in taxes for every liter of fuel. That means every 1 liter of fuel in my car I payed the equivelant to 10 liters when all taxes are considered. ISP is more than half the price of fuel itself.

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