Fuel Prices in Portugal to Drop by 12 Cents per Litre from Next Monday

Fuel prices in Portugal will be lower from next Monday, with the National Association of Fuel Retailers (Anarec) forecasting a drop of 12 cents per litre on both petrol and diesel. According to the association’s statement sent to newsrooms, the average price of 95-octane unleaded petrol should stand at 1.904 euros per litre from Monday, while the price of standard diesel should be 1.837 euros per litre. These prices are not final, however, as the fall in prices could prompt the government to reduce the discount on the tax on petroleum products, leading to a slightly smaller cut than the 12 cents initially forecast. Even so, the drop is still expected to be in double digits.