Diesel and Petrol Prices in Portugal: Current Situation and Future Projections
Decrease expected for petrol and diesel costs
Spark some good news! The Automóvel Club de Portugal reveals a decrease in the price of diesel by 1.5 cents and petrol by 2 cents, as per the latest updates.
Peep the numbers from the General Directorate of Energy and Geology (DGEG): as of May 2, 2025, a liter of diesel cost 1.526 euros, while petrol stood at 1.684 euros. Here's a comparison - between today and October 1, 2024, diesel has seen a drop of 1.4 cents, while petrol has nudged up by 2.5 cents.
Want to know what's cooking for the upcoming week? With the confirmation of forecasts, average diesel could dip to €1.511/l, while regular 95 gasoline may slide down to €1.664/l. However, the predictions are contingent on the continuation of the government's extraordinary tax reduction measures, enacted to curb price surges.
Snapshot of Current and Projected Prices
- Diesel: As of May 30, 2025, the average diesel price in Portugal hovers around €1.519/liter.
- Petrol: The average cost of petrol hovers at approximately €1.682/liter, with further price reductions awaited.
- Projected Prices: Diesel prices are expected to stay steady at €1.519/liter for the next week. Petrol prices may see a slight decrease, possibly dropping to €1.677/liter.
Comparing the Prices from October 1, 2024
- Diesel: Between October 1, 2024 and the present, diesel has dropped by as much as 2.1 cents per liter.
- Petrol: Petrol prices have climbed up by 2.3 cents per liter over the past year.
Despite the positive decrease in diesel and petrol prices in Portugal, the industry is keenly watching the financial implications of this trend. The Energy sector in Portugal, influenced by global market forces, could witness significant changes as a result. The government's ongoing tax reduction measures in the finance sector are crucial for the predicted continuation of these price reductions in the energy industry.
