The Government reduced the current discount on the Tax on Petroleum Products (ISP), applicable to unleaded gasoline and road diesel, canceling part of the drop in fuel prices scheduled for next week.
According to an ordinance published on Friday, November 28th, at night in Diário da República, and which comes into force on Monday, the The ISP rate applicable, on the continent, to gasoline with a lead content equal to or less than 0.013 grams per liter is now 497.52 euros per 1,000 liters, compared to the current 481.26 euros.
The ISP rate applicable to diesel increases from the current 337.21 euros to 361.60 euros per 1,000 liters.
According to estimates by the Automóvel Club de Portugal (ACP), these amounts represent an effective increase in tax per liter of around 1.6 cents for gasoline and more than two cents for diesel.
Thus, he says, if next week a drop of seven cents per liter on diesel and 3.5 cents per liter on gasoline was expected, with the increase in the ISP these breaks should be between five cents and two cents per literrespectively.
The Government states that this review takes place “in line with the recommendations of the European Commission”, which aim at the progressive elimination, “as the evolution of the energy market allows”, of measures of an “exceptional and temporary nature” taken to mitigate the increase in fuel prices that occurred with the covid-19 pandemic and the Russian invasion of Ukraine.
“In this context, this ordinance partially reverses the extraordinary and temporary measures, updating the ISP unit rates on gasoline and diesel, promoting the indispensable gradual reversal of temporary measures adopted within the ISP“, but no diploma.