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Portugal's average fuel price eighth highest in Europe

petrolpumpPetrol and diesel prices in Portugal steadily have been rising and now are at their highest since 2014, causing complaint from the transport sector and tension in many households.
 
GlobalPetrolPrices.com has data on fuel prices in several countries and has ranked them, highest first.
 
Portugal is in 10th place in the world and eighth in Europe, for the most expensive fuel at an average cost of €1.58 per litre.
 
Iceland is not a good place to fill up as fuel averages €1.81 per litre.
 
Greece, Italy, Hong Kong and Israel also have higher prices than Portugal but for those conveniently near the border, Spain’s average price is €1.32 per litre.
 
Venezuela and Iran are at the bottom of the list, with €0.01 and €0.24 per litre, respectively.
 
To see the full European list, click HERE.
 
In Portugal, the ISP tax on petroleum products yielded an average of €9 million per day throughout the first quarter of 2018 after an extraordnary tax increase of 6 cents, made in 2016. The price of oil recently has shot up to the highest levels since 2014.
 
More than half the cost of fuel in Portugal is made up of duties and taxes with the ISP tax the largest culprit - a litre of diesel at €1.35 actually costs, before taxes are added, just 62 cents and a litre of petrol 95 at €1.56 per litre would cost 61 cents.
 
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Comments  

+2 #5 Sun Seeker 2018-05-24 12:54
As in the US, higher fuel prices moves people to use public transport and drive cars less, what impact does it have on the economy, also i researched crude oil, better known as limited fossil fuel, (a),no fossils have ever been found in crude oil, (b), crude oil is a natural occurring element of our planet, it will never run out, research it yourself, ps, try researching diamonds, same lie, someone's pants are on fire...
:lol:
+1 #4 Jack Reacher 2018-05-24 12:54
You mean tax the poor to keep Portugal's elite flush with wealth. Such an honest nation.
0 #3 Lion 2018-05-24 12:08
This situation was inevitable as at the time of tumbling crude prices the government were piling on the taxes so they were able to deceive many motorists. Will they now do the decent and honourable thing? It would be alien to them.
+2 #2 AL 2018-05-24 10:21
Perhaps if Europe starts buying oil from Iran and stop bowing down to the demands of the yanks the price of petrol and diesel will go down.
The same goes for Russian gas which is a lot cheaper than the gas Americans buy from the Russians and then sell at a higher price to Europe.
+2 #1 Ches 2018-05-24 10:05
Robbing Barstewards!

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