Crisis in the Strait of Hormuz pushes diesel above two euros in Portugal · Bica

Cost of Living

Crisis in the Strait of Hormuz pushes diesel above two euros in Portugal

Fuel prices are expected to rise significantly next week, with diesel projected to increase by 10 cents and 95-octane petrol by 9 cents. If these estimates hold, the average price of diesel will reach 2.068 euros per litre and petrol 1.977 euros by Monday, August 24, driven by geopolitical tensions affecting global oil supplies.

Why it mattersIf you drive, you should expect to pay significantly more at the pump starting this coming Monday, August 24.

Diário de Notícias· 2w agoRead original ↗

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Government denies profiting from fuel price hikes and strengthens ERSE's powers

The Minister of Environment and Energy stated that the VAT revenue generated by rising fuel prices is being used to offset the Fuel Tax. Additionally, the government is increasing the supervisory powers of the energy regulator, ERSE.

Público· 5h agoRead original ↗

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Crisis in the Strait of Hormuz pushes diesel above two euros in Portugal

This update is from Bica

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