According to Executive Digest, this drop reflects the average prices of gasoline and diesel in international markets: “The evolution of prices in euros points to a drop in the price of 95 gasoline by 2 cents per litre whereas diesel will be 3 cents cheaper”.
In the same sense, at gas stations next to hypermarkets, “the trend next week will be for a drop of 0.0204 euros in 95 gasoline but also in diesel by 0.0278 euros.”
Data from the General Directorate of Energy and Geology (DGEG) shows that the average price of a litre of gasoline in Portugal currently costs 1.665 euros while diesel is worth 1.604 euros. Quotes may, however, vary across petrol stations, as the price set on the network also takes into account the level of competition, supply and demand in each market and the level of fixed costs at each station.
Over the last six weeks, fuel prices have been falling: gasoline and diesel have depreciated by 11 and 12 cents per litre respectively, to which will be added the drops scheduled for this Monday. Since January, the price of diesel has fallen by 3 cents, while the price of gasoline is now at the same level as at the beginning of 2023.
Portugal has the 9th most expensive 95 gasoline in Europe
The most recent fuel bulletin from the European Commission indicates that Portugal has the 9th most expensive 95 gasoline in Europe, around 4 cents below the European average and 9.5 cents more expensive than in Spain. Diesel occupies 14th position in the European ranking.
The price difference between Portugal and Spain results from the tax burden, since, without taxes, the price of gasoline is cheaper in Portugal. Without the tax burden, each litre of 95 gasoline in Portugal would cost 77.7 cents, that is, it would be cheaper than the 82.6 cents in Spain.
Among EU countries, the Netherlands has the most expensive 95 gasoline on the Old Continent: 1,935 euros. Sweden 'reigns' in diesel at 2,027 euros.