Cost of Living
Fuel price increases see fishing boats left at moorings
Industrial fishing shipowners have mothballed around 20% of their fleet due to surging fuel costs, which now account for half of their operating expenses compared to 30% before March. Refuelling a large long-distance vessel now exceeds one million euros, prompting the Association of Industrial Fishing Shipowners to urgently call for promised government aid to be disbursed as early as next month.
Why it mattersWhile this is an industry-level cost pressure rather than an immediate retail price hike for shoppers, it illustrates the severe impact of rising fuel costs on commercial sectors, which could eventually affect fish prices at the market.
Portugal Resident
