Cost of Living

Fuel prices in Portugal see biggest drop in years

Fuel prices decreased on Monday 9 November, with petrol falling by approximately 9.5 cents per litre and diesel by 9 cents. The reduction was partially offset by a government decision to adjust the ISP tax discount, and while prices remain high, 83-84% of petrol stations have lowered their costs.

Why it matters

If you drive, you will notice savings of about 4.75 euros when filling a 50-litre tank compared to previous costs, though prices still vary significantly by location.

The Portugal News· 17h agoRead original ↗

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Observador· 1d agoRead original ↗

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Petrol to see sharp price drop next week

The price of petrol is set for a sharp decrease next week, with a potential drop of 8 cents per litre. However, this relief will be partially offset by a 1-cent-per-litre increase in the ISP (petroleum products tax) tax, which also carries an additional effect from VAT, tempering the final reduction at the pump.

Observador· 2w agoRead original ↗

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