Diesel fuel is expected to become half a cent more expensive, while the price of petrol is expected to drop half a cent, according to forecasts released by the Automóvel Club de Portugal (ACP).

"This week the trends are reversed and the price of diesel increases while the price of petrol decreases".

These estimates come at a time when the average price of simple diesel is €1,550/litre, while simple 95 petrol costs, on average, €1,645/litre, according to data from the Directorate-General for Energy and Geology (DGEG).

At the beginning of this week, diesel became around half a cent more expensive, while petrol became slightly more expensive than half a cent.

The ACP emphasises that "these forecasts are made based on the assumption of maintenance of the extraordinary tax reduction measures applied by the government, to mitigate the increase in prices".

"The measures in force include the reduction of the ISP (which is equivalent to a reduction in VAT of 23% and 13%), the compensation mechanism through which the ISP is reduced in relation to additional VAT revenue and the suspension of updating the carbon tax", recalls the ACP.