After 14 weeks of increases, marked by the express rise of the last 15 days, gasoline and diesel prices will fall next week, following the roller coaster of oil and its derivatives on the international market, as we have not seen. hadn’t seen since at least 2015.
From next Monday, March 21, gasoline and diesel are expected to fall sharply. Simple 95 petrol could fall by around nine cents, at an average price of 1,938 euros per liter, thus falling below the level of two euros it reached this week, while simple diesel could cost up to 18 cents cheaper, reaching 1,790 euros per litre, according to Negócios accounts.
In view of these results, it is possible that the Government will not maintain next week the reduction in the Tax on Petroleum Products (ISP) which was in force last week, since, as explained at the time the Executive, a correction of the FAI Reduction based on reality, assuming the average values of the sale price to the public published each Tuesday by the General Directorate of Energy.
Hypermarkets maintain the most competitive fuel offers for road use, followed by operators in the “low cost” segment, according to data from the Energy Services Regulatory Authority (ERSE). A third paid by drivers at gas stations is determined by the quotations for petroleum and petroleum products on the international market.
Gasoline and diesel futures followed the price of oil in the international market and soared, with gasoline hitting the $1,000 level two weeks ago for the first time in 2014. Last week this rally however continued into early this Last week oil broke below $100 on a relief trend accompanied by derivatives with diesel and gasoline falling to the $900 level dollars per ton. On Thursday, however, quotes accelerated again.
This Friday, North Sea Brent, the benchmark for European imports, gained 1.1% to 107.86 dollars a barrel, while West Texas Intermediate (WTI), traded in New York, gained 1.2% for 106 $.28.
Today, the International Energy Agency (IEA) warned again that prices could rise significantly in the coming months. “If the IEA warnings hold, there will likely be a large deficit [na oferta de petróleo] in the coming months,” defended Stephen Brennock, analyst at PVM Oil Associates, quoted by Bloomberg.
Negócios’ calculations are based on the evolution of these two petroleum derivatives (diesel and gasoline) and the euro. But the cost of fuel at the pump will always depend on each gas station, the brand and the area where it is located. The new prices take into account the variations calculated by Negócios compared to the average price practiced in Portugal this week and announced by the General Directorate of Energy and Geology (DGEG).