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European Council. Montenegro supports joint gas purchases and strengthening European refining
Prime Minister Luís Montenegro indicated that Portugal supports joint European efforts to manage gas prices. He stated that the issue with fuel prices lies in their price formation mechanism rather than the crude oil market itself, and noted that Brussels is currently exploring a collective approach to address gas price increases.
Why it matters
As the government advocates for European-level interventions on energy pricing, you may see changes in how electricity or fuel costs are regulated or subsidized in the future, though no specific immediate measures have been announced.Useful?
