Portugal Fuel Prices Jump 13.5 Cents for Diesel, 6.5 for Petrol as Middle East War Escalates
Updated
Updated · Euronews · Jul 17
Portugal Fuel Prices Jump 13.5 Cents for Diesel, 6.5 for Petrol as Middle East War Escalates
3 articles · Updated · Euronews · Jul 17
Summary
Diesel in Portugal is set to reach €1.988 a litre and petrol €1.980 in the week of July 20-26 after forecast increases of 13.5 cents and 6.5 cents.
ACP and DGEG tied the jump to renewed fighting involving the US, Israel and Iran, which ended a provisional halt and kept pressure on crude and fuel markets.
The government has said it will apply a temporary ISP fuel-tax cut whenever weekly increases exceed 10 cents, a threshold diesel now breaches.
Maria Graça Carvalho has asked regulator ERSE to inspect petrol-station pricing since 2024 and deliver a 20-day study on why global oil-price falls reach pumps slowly.
The Strait of Hormuz remains central to the risk outlook because about 20% of global oil and gas trade passes through it, amplifying any regional disruption.