ZAP
Petroleum barrel price has decreased due to economic instability and other factors. Fuel price has been down since January, and should continue in regression.
Trump has established a trade war that will affect various sectors of the Portuguese economy, and that can make basic products like eggs, milk or meat.
Like the gasoline, which Portugal exports largely to the US, is exempt from tariffs, and is a asset that should never be taxed due to the country’s difficulty in being self-sufficient in this field.
But not only exports will remain, but the price of fuel will be affected by tariffs… but positive for the consumer.
A points out some reasons why the price of fuel should lower. Firstly, because economic instability reduces consumption, lowering demand and reducing prices. The perspective of a recession can reduce the search of the Portuguese by energy products.
Secondly, Deco points the increased supply as a factor for price reduction. This is because countries like the US, Canada and Brazil are producing record volumes that they should put more gasoline and diesel in the market.
The price of the barrel has also lowered, from values between 70 and 75 euros to 60 euros. In Portugal, since January that there is already a price reduction, Having, according to the disclosure, decreased by 6 cents in the case of gasoline and 12 in diesel.
In fact, the national entity for the energy sector (ENSE) the reference prices of gasoline and diesel, and they have descended. In fact, one of the biggest descents of recent years has been registered.
In addition, the purchase of oil for a lower value is due to the appreciation of the euro. This is because the price of the barrel is expressed in the international markets in dollars. As The dollar is losing value against the euroit will be possible, due to this exchange rate effect, for Europeans to buy the same product quantity for a lower price.
Currently, gasoline is more expensive in Lisboawhere the average price was April 5 at 1.804. On the other side, with the lowest price, was Santarémwith 1,773 euros per liter.
