Fuel prices in Portugal will fall again next week, following the fall in oil prices on international markets.
According to Business calculations, there is a margin for a drop of 2 cents in gasoline and a cent in diesel. If this decline is confirmed, and taking into account the average prices practiced in the last week, the liter of simple diesel should drop to 1.377 cents and that of simple gasoline 95 to 1.49 cents starting next Monday.
These prices take into account the variations calculated by the Businesses compared to the average price practiced in Portugal and announced by the General Directorate of Energy and Geology (DGEG).
This was another week of devaluations for oil, which has been penalized in international markets by the rapid spread of the coronavirus, which threatens global growth prospects – mainly due to the slowdown in the Chinese economy, the second largest in the world – and, consequently, world demand for oil.
The evolution of fuel prices is calculated based on the evolution of oil products (diesel and gasoline) and the euro. Even so, the evolution of costs will depend on each filling station, the brand and the area where it is located.
Business calculations are based on contracts different from those followed by oil companies (although the evolution is usually similar), and the data available for Business are only available until Thursday (one trading day is missing).