Fuel prices in Portugal: diesel and petrol set to fall on 30 June

Unlike what happened last week, the situation in the Middle East is not expected to weigh as heavily on fuel prices in the coming week.

Fuel prices from 30 June: diesel and petrol expected to fall

Sector forecasts instead point to cheaper prices for both fuels, with the bigger cut likely to be for standard diesel, which is expected to drop by four cents per litre. Standard petrol is also forecast to fall, by 3,5 cents per litre.

Even so, this reduction is not enough to offset the 6,5-cent increase recorded last week for standard diesel.

As a result, from next Monday, 30 June, the average price of standard diesel is expected to fall to 1,575 €/l, while standard petrol is expected to be 1,687 €/l.

How these average fuel prices are calculated (DGEG)

The fuel price estimate is calculated using figures published by the Directorate-General for Energy and Geology (DGEG) - in this case, the values from last Thursday, 26 June.

The DGEG figures already factor in discounts applied by fuel retailers, as well as the Government measures currently in force.

It is still worth bearing in mind that these are not necessarily the prices you will see at the pumps: they are average, indicative figures. Retailers are free to set the prices they choose.

Government measures currently in force

The Government measures introduced in 2022 to soften fuel price rises remain in place and are focused mainly on the level of ISP.

This year, the ISP increased by three cents per litre, but because the carbon tax rate fell, there was no change to the overall tax burden on fuels.

For that reason, adding up all the “tax discounts” results in 17,6 cents less per litre of diesel and 19,2 cents per litre of petrol.