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Fuel prices in Portugal drop from today

FUEL PRICES IN PORTUGAL DROP FROM TODAYThe price of a litre of fuel should fall, as of this Monday 11th April, by 7 cents on diesel and by 5 cents on gasoline, according to the new Government measures.

According to the weekly ISP unit rate review mechanism, this price evolution should result in an increase in the unit rates of the Petroleum Products Tax (ISP).

The decree, published on Friday following the weekly pricing adjustment mechanism, determined the “maintenance of the temporary ISP discount of 4.7 cents per litre of diesel and 3.7 cents per litre of gasoline”, with the intention that next week the formula “with the corresponding adjustments” will be applied again.