Anticipated decrease in diesel and petrol costs.
Portugal to See Decline in Diesel and Petrol Prices
Industry sources consulted by the Automóvel Club de Portugal (ACP) have predicted a decrease in the price of diesel and petrol in Portugal. Specifically, diesel is anticipated to fall by 1.5 cents per liter, while petrol will drop by 1 cent.
As of the current week, diesel costs 1.533 cents per liter. This price is set to decrease to 1.518 cents per liter. In comparison, the cost of diesel on October 1st was approximately 0.7 cents more expensive.
Petrol currently stands at 1.693 cents per liter. This price has fallen from the previous rate of 1.683 cents per liter. However, it is still 2.6 cents more expensive than it was on October 1st.
According to the General Directorate of Energy and Geology (DGEG), the average price of a liter of diesel in Portugal on May 16 was 1.501 euros, while the average price of petrol was 1.667 euros.
The ACP's prediction of a price decline in diesel and petrol may bring some relief to Portuguese consumers who have been dealing with rising fuel prices in recent months.
For reference, the Enrichment Data indicates that as of May 26, 2025, the current price of diesel in Portugal is approximately €1.52 per liter, while the current price of petrol (gasoline) is around €1.69 per liter. The data also shows that the average price of diesel on May 16, 2025, was €1.503 per liter, while petrol was priced at €1.668 per liter.
It is essential to note that the prices of diesel and petrol are subject to change based on various factors, including global market conditions and regulatory measures. Consumers are advised to monitor the prices closely to make informed decisions when filling up their tanks.
The anticipated decrease in diesel and petrol prices in Portugal could have a positive impact on the transportation industry, as lower fuel costs may reduce operational expenses for businesses such as automotive companies. Furthermore, the finance sector may benefit from increased consumer spending due to the relief provided by these lower prices.
