The Regional Government of Madeira increased fuel prices by more than seven cents per liter this week. In the archipelago, the regional government sets and updates maximum fuel prices on a weekly basis.
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See today’s briefingThe 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.
The cost of agricultural and maritime diesel has risen by over 40% in the last half-year. This price hike is significantly increasing operational costs for primary sector businesses, with fishing vessels in Matosinhos reporting an additional 2,000 euros in monthly fuel expenses.
Leiria City Council voted to maintain its municipal tax rates for 2027: the IMI (property tax) remains at 0.3%, the derrama (corporate profit tax) at 1.5%, and the municipal share of IRS (income tax) at 5%. These rates will apply to taxpayers in the municipality of Leiria throughout the 2027 fiscal year.