Diesel and petrol prices are expected to fall by approximately 9 and 9.5 cents per litre, respectively, starting Monday 9 November 2026. This adjustment accounts for the impact of the reduction in the ISP (petroleum products tax) discount.
This update is from Bica
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The government's proposed 2027 State Budget projects a 0.1% surplus (about 270 million euros) and excludes measures like a zero-IVA rate on food or an IVA reduction on fuel. The Finance Minister warned that adding such measures would push the state into a deficit and urged opposition parties not to alter the budget during November's parliamentary discussions.
Diesel prices are set to fall by 2.5 cents and petrol by 3 cents starting Monday, October 5, due to a government adjustment of the ISP tax. Despite this, prices will remain above 2 euros per litre, with estimated averages around 2.153 euros for diesel and 2.065 euros for petrol.
The government initially expected a reduction in state fuel expenditure for 2026, but rising prices are causing that budget estimate to fail. Diesel fuel accounts for 76% of the total consumption across public sector vehicles.