Fuel prices are on a rollercoaster ride, and here's the latest twist: a dip is coming! But this isn't just any dip; it's a sequel to the price drops we've been witnessing.
Next week, get ready for another round of savings at the pump. Diesel, Portugal's favorite fuel, is predicted to shed two cents, while petrol will be half a cent lighter on your wallet. This forecast, courtesy of ACP, means you'll be paying €1.584 and €1.659 per litre for regular diesel and 95 petrol, respectively, based on Monday's average pump prices from the Directorate-General for Energy and Geology (DGEG).
But here's where it gets controversial: the Executive Branch's recent tax adjustments. Anticipating a more significant price drop, they tweaked fuel taxation, reducing the discount on the Tax on Petroleum Derivatives (ISP). This move, though, means higher taxes on fuel. From December 1st, the ISP on petrol increased by 1.6 cents, and on diesel by 2.4 cents. So, for each litre of petrol and diesel, you'll pay more in taxes, including the 23% VAT.
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And this is the part most people miss: these price fluctuations can significantly impact your travel plans and daily commute. So, stay tuned for more updates, and feel free to share your thoughts on these price changes. Do you think the government's tax adjustments are fair, or should they have waited for the predicted price drop? Let us know in the comments!
