Portugal remained, in the third quarter of this year, among the European Union (EU) countries with the highest fuel prices, with a tax burden higher than the community average, according to data released this Friday by ERSE.
According to the bulletin “Fuel Prices in the EU-27” from the Energy Services Regulatory Authority (), Portugal ranked 8th among the countries with the most expensive straight 95 gasoline and 9th for straight diesel, both with average sales prices higher than the European average.
For simple 95 gasoline, the average national selling price was 1,697 euros per liter, of which 56% corresponds to taxes, above the average for the EU (55.2%) and Spain (49.2%). The Portuguese price, with taxes, was 21.3 cents per liter higher than the Spanish one, although, before taxes, it was 0.9 cents lower.
For simple diesel, the national average price reached 1,570 euros per liter, with a tax burden of 51%, also higher than the Community average (49.6%) and the Spanish average (44%). Portuguese diesel was 15.2 cents per liter more expensive than Spanish diesel, despite being 2.0 cents cheaper without taxes.
This Friday, in parliament, the Minister of Finance, Joaquim Miranda Sarmento, guaranteed that the elimination of the discount on the Tax on Petroleum and Energy Products (ISP) in 2026 will be done “as gradually as possible”, so as not to penalize the final price of fuels.
The official recalled that the reversal of the discount is an obligation of the European Commission, as it is a temporary measure created in 2022, when the price of oil exceeded 120 dollars per barrel. Today, it is around 60 dollars.
According to the Public Finance Council (CFP), the elimination of the ISP discount and the updating of the carbon tax could represent additional revenue of 1,132 million euros for the State in 2026.
Also read:
