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Fuel prices escalate for petrol, decrease for diesel

Despite a significant drop in the cost of the essential raw material, there's an anticipated increase of one centime for petrol, while diesel, the heavily utilized fuel in Portugal, is expected to see a similar price hike.

Fuel prices: Petrol increases, diesel decreases
Fuel prices: Petrol increases, diesel decreases

Fuel prices escalate for petrol, decrease for diesel

Hey there, pal! When you're burning up the roads in Portugal, here's the skinny on the wallet-pinching stuff you'll need to fill up your tank. As reported by the Directorate-General for Energy and Geology (DGEG), on a typical Monday, you'll be shelling out approximately 1.593 euros per litre for simple diesel and 1.755 euros for simple 95 petrol.

Now, before you start grumbling about it, keep in mind these prices have been adjusted for any sweet discounts offered by gas stations and the review of temporary tax measures to help ease the pain of increasing fuel prices. It's a bit of a balancing act, but the government's got your back.

Fun fact: This year's price swings are nothing compared to what the market was expecting. Diesel was predicted to jump two cents higher, and gasoline four cents, but it only moved a mere 1.7 cents for diesel and a more significant 3.7 cents for gasoline. Not bad, right?

But here's the kicker – these prices are changing fast, thanks to the wild geopolitical tensions roiling the Middle East, which are driving up oil prices, and, in turn, our fuel prices. The government's closely watching the situation and might slap on more measures if needed.

So, as of now, you'll be paying:

  • Diesel: around 1.593 euros / liter
  • Gasoline: around 1.755 euros / liter

Keep these numbers in mind, and remember to fill 'er up smart! 😎🏎️⛽️💸

In Portugal's current financial landscape, keeping up with the latest news is essential, as fuel prices remain high. As of now, you'll be paying around 1.593 euros per liter for diesel and approximately 1.755 euros for 95 petrol, but these figures may change due to the volatile geopolitical situation in the Middle East affecting oil prices.

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