Twelve EU nations, including Portugal, have agreed to release 42.5 million barrels of oil and fuel from their strategic reserves. This release is scheduled to be completed by 31 January 2027.
This update is from Bica
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Highway tolls are projected to rise by 3.82% in 2027 based on the current inflation reference of 3.72% (excluding housing), plus a 0.1% concessionary adjustment. The final inflation rate will be confirmed by INE on 11 November, which will determine the definitive toll increase.
Portugal's inflation rate rose to 3.8% in October, up from 3.6% in September, driven primarily by a 17.4% year-on-year increase in energy product prices. This figure, released by the National Statistics Institute (INE), matches the highest levels recorded over the past three years.
The government is planning a subsidy for low-income households to purchase electric vehicles, covering up to 80% of the pre-VAT purchase price, capped at 15,000 euros. The scheme also includes an incentive of up to 1,000 euros for home charging station installation. It is intended for beneficiaries of the Social Electricity Tariff and households with annual incomes below 11,572 euros. No application calendar or funding source has been announced yet.