During the week of July 4-10, average prices at gas stations were 0.2 cents below the ERSE weekly average and 1.9 cents higher for diesel.
According to information from the Household Weekly Sales Price Surveillance Report released today by the Energy Services Regulatory Authority (ERSE), “compared to the previous week, it was found that the average sale price advertised on porticos, according to Balcão Único da Energia, was at 0.2 cents/liter below that week’s effective price for 95 regular gasoline and 1.9 cents/liter higher for regular diesel.”
At the same time, “95 regular gasoline was quoted 0.1% below the effective price on the gantry, and 0.9% higher than the effective price for regular diesel,” ERSB also clarified.
The effective price “is the average weekly price determined by ERSE and is the result of the sum of the following components: fuel prices in international comparison markets and related shipping, primary logistics, including in this part National Oil’s strategic and safety reserves, incremental costs with the inclusion of biofuels and the retail component plus the corresponding taxes,” the regulator recalled.
In the paper, the organization stated that “even compared to the previous week” for discounted prices, which are average prices published by the Directorate General of Energy and Geology (DGEG), “95 plain gasoline showed a deviation of -2.5% compared to effective price and simple diesel fuel – 2.6%”, and “in absolute terms, these estimates are for simple 95th gasoline and diesel fuel by 5.3 cents/l and 5.2 cents/l below the effective prices, respectively ,” ERSE said.
According to the regulator, this week (July 11-17) “the effective pre-tax price is 1218 euros/l for regular gasoline 95 and 1262 euros/l for regular diesel fuel”, and after taxes this price is “2060 euros” . / l and 1962 euro / l, for petrol 95 and diesel, respectively”.
The government announced on July 1 that the rebate on the tax on petroleum products (ISP), equivalent to reducing the VAT rate from 23% to 13%, will continue in July and August.
The Finance Ministry said in a statement that the government had resumed measures to mitigate the effects of rising fuel prices in July and August through tax cuts and approved new measures for the hardest-hit sectors.
“With regard to offsetting through the ISP the reduction in additional VAT revenue arising from the increase in fuel prices, the value will stabilize over the next two months, ending the weekly updates of this tax,” the note notes.
In addition, the ministry’s note said the carbon tax update would be put on hold for another two months.
The government stressed that the reduction in the tax burden will amount to 28.2 cents per liter of diesel fuel and 32.1 cents per liter of gasoline, specifying that this discount will be recalculated in August.
Author: Lusa
Source: CM Jornal
