The drop predicted for this week was the most notable in recent months, with a reduction of 7 cents in diesel and 3.5 cents in gasoline expected. A move by the Government ‘ruined’ savings plans.
Last Friday, the Executive published a decree in the Diário da República, to return to increase ISP.
The Ministry of Finance, led by Joaquim Miranda Sarmentotook advantage of the expected drop in prices and increased taxes on diesel and gasoline.
With this change in the ISP (tax on petroleum and energy products), instead of the expected decreases of 7 and 3.5 cents, respectively, the diesel drops by just 4 cents and gasoline by 1.5.
According to accounts released by , since the beginning of its governance (2024), the AD has already raised fuel taxes five timeshalting price declines.
Fuel taxes had been eased in 2022 and 2023, by previous PS Governments, due to the pandemic and the war in Ukraine.
The European Commission has warned Portugal to put an end to reducing rates do ISP. Miranda Sarmento wants, however, to do it graduallyas Brussels has not set a date to end these measures.
