Islands.Fuel is much cheaper

Mainland Portugal joined the liberalized fuel market in 2004. At that time, the government took steps with the idea of ​​promoting competition and benefiting consumers. However, relevant to this initiative is that “it is the provision of appropriate oversight and information to the government to ensure effective competition, and competition authorities play an important role in this context.” Autonomous regions do not. As a result, both the Azores and Madeira local governments can continue to set the highest prices.

And the price difference speaks for itself. Currently, mainland drivers pay € 2,214 per liter of gasoline, while in Madeira drivers pay € 2,062 per liter. The difference is 0.151 cents. But the liter of the Azores is € 1.803, so things are different when compared to the Azores, where the driver pays the same liter of simple petrol minus 0.411 cents. When calculating at a simple diesel price, the case doesn’t change much. In mainland Portugal it is € 2.104 per liter and in Madeira it is € 1.777, a difference of 0.327 cents. It’s about the same as the Azores Islands, where a liter of diesel costs 1,747 euros. This means drivers can save 0.357 cents per liter to fill the Azores Islands.

and now?
Diesel prices are preparing to rise again as of Monday. After a liter of this fuel exceeds 2 euros per liter at the beginning of the week, it will rise another 4 cents next week. If you haven’t talked about gas stations on the highway, petrol will drop again by 2 cents and the value will be very close to € 2.30 per liter. After that, the price will be even higher.
Given this increasing scenario, the government will reduce ISPs (petroleum product taxes) by 1.2 cents per liter for gasoline and 0.4 cents per liter for diesel. According to the Ministry of Finance, “Global reductions in the tax burden on fuel have already reached 22.2 cents per liter of diesel and 26.3 cents per liter of gasoline, in addition to not renewing the carbon tax to about 6 cents per liter. I am. “

With this decline, it is true that the government will reach the minimum ISP limit for diesel as defined by the European Directive. And the ministry, led by Fernando Medina, has ensured that it has already requested the European Commission to suspend this restriction, and community executives are in the process of “assessing demands by service.”

According to the Mais Gasolina website, the days when continuous oil records reached Portugal are gone. We were in 2008, but the average for that year is far from the current value. Gasoline costs 1,381 euros per liter and diesel costs 1,251 euros.

Prices did not reach current levels, even at the time of Troika, as Luis Mira Amaral reminds us of Nasser de Sol. “In the Troika era, oil prices were even higher and fuel prices were lower than they are today, a completely scandalous situation. After all, Passos Coello and Troika were all responsible. But even though oil prices were much higher than they are today, they were lower prices ».
Recall that the Energy Sector Regulatory Authority (ERSE) showed in April that the price of a barrel of oil fell compared to the previous month. But on the other hand, the average public selling price of gasoline and diesel rose in the same month. But he justified. Gasoline changes were motivated by “biofuel incorporation and estimation and cargo components”, but in the case of diesel, the weight of biofuel incorporation components and “costs and marketing margins”.

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