PortugalFuel prices in ’, the National Association of Fuel Retailers, predicts that ’ (Anarec) will be lower starting next Monday. 12 cents per liter discount on gasoline and engine.
Starting Monday, the average price of 95-octane unleaded gasoline will be 1,904 euros per liter, while the price of standard diesel will be 1,837 euros per liter, the association said in a statement to news outlets.
However, these prices are not final; A fall in prices could lead the government to reduce tax cuts on petroleum productsThis led to a cut slightly smaller than the initial estimate of 12 cents. Despite this, the decline is expected to be double-digit.
The uncertainty created by the conflicts in the Middle East’ and the blockade of the Strait of Hormuz, one of the main ways of transporting oil, led to sharp increases in the price per barrel, which also pushed fuel prices up. This Friday, a barrel of Brent crude oil, the benchmark of the European market, was trading. the Daily Journal %A little over $91, down 1.5. Despite the declines in the past month, the price per barrel is still higher than at the beginning of the year. %It's higher than 44.
