Decrease in Diesel Prices Forecasted
In Portugal, the government's extraordinary fiscal reduction measures are aimed at reducing fuel prices, offering some relief to consumers amidst global energy market fluctuations. These measures, which include the reduction of the Tax on Petroleum Products (ISP) and the offsetting of additional VAT revenue, are expected to continue being applied to mitigate price increases [1].
According to the Direcção Geral de Energia e Geologia (DGEG), the average price for a litre of diesel is forecasted to rise to approximately €1.608 per litre in the upcoming period. On the other hand, the average price for regular 95% petrol is expected to increase to about €1.693 per litre under these assumptions [1].
The Automobile Club of Portugal (ACP) has weighed in on these predictions, suggesting a potential decrease in petrol prices by 1 cent. However, they also caution that diesel prices may only see a slight drop of 0.5 cents [1]. It's important to note that these predictions are contingent upon the continued application of the extraordinary fiscal reduction measures by the government.
As of now, the exact duration of these measures is not specified, and there is no information about how these price reductions might impact other goods or services in the economy as a whole. The ACP's predictions do not indicate any significant decrease in diesel prices, with diesel prices expected to remain relatively high compared to petrol [1].
References: [1] Source for the information provided in this article.
In the context of Portugal, the government's fiscal measures might also extend to other industries apart from transportation, such as finance, as they aim to maintain economic stability amidst global energy market fluctuations. The average price for diesel, a popular fuel used in transportation, remains forecasted to rise significantly compared to petrol, potentially impacting the overall cost for businesses and consumers in Portugal's various industries.
