Fuel prices are to go down again at the start of this week. Forecasts point to a reduction of 9.5 cents per litre in the case of diesel and seven cents for petrol.
At the beginning of last week, a drop in prices was expected, which ended up being halted by the reduction in the Tax on Petroleum Products (ISP) discount.
This is because the Ministry of Finance announced that in December there was a reduction in the ISP discount by 3.9 cents per litre of diesel and 2.4 cents per litre of gasoline, taking into account the fall in prices.
Crude oil price for the last month has been lower than before the main Ukraine invasion and sanctions. The Euro is almost back up to previous levels too.
So why is fuel at the pump still so expensive?
By mark Holden from Algarve on 13 Dec 2022, 10:32