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According to the Bulletin of the Fuel Market and LPG, published today by the Regulatory Authority for Energy Services (ERSE), fuel prices in Portugal suffered a reduction in March, mainly due to mandatory containment measures enacted by the state of emergency, as well as the impact of the covid-19 pandemic on the global economy.
Braga and Aveiro were the districts that, according to the report, registered the lowest prices for diesel and gasoline.
In March, the average price in the Braga district was 0.8% lower than the national average, with an average price of € 1,439 / l for 95 simple gasoline and 1.2%, with an average price of € 1,303 / l for Simple diesel.
In the Viana do Castelo district, the price of simple gasoline was 95, it was 0.7% more expensive than the national average with an average price of € 1,462 / l and 0.3% with an average price of 1,322% / l for simple diesel.
On the other hand, Beja and Bragança are the districts where fuels were more expensive.
Vila Real and Portalegre continue to register, for continental Portugal, the bottle of LPG (butane and propane) at the lowest cost, while Faro has the highest.
Fuel consumption decreased globally in the first quarter of 2020, with gasoline, diesel and aircraft falling further in March, compared to the previous year, by 17.4 kilotons (kton), 49.2 kton and 37.9 kton, respectively.
In March, there was a decrease in all fuels in the basket of petroleum products, except LPG, with a decrease in the monthly consumption of gasoline, diesel and jet fuel (used in aircraft), compared to the previous year, in 17.4 kton, 49.2 kton and 37.9 kton, respectively.
On the other hand, LPG registered an increase in introductions to consumption of 5.5 kton.
According to the document, diesel continues to be the most consumed fuel in the national market, representing almost 65% of the mixture of petroleum-based fuels, followed by jet (14%), gasoline (12%) and, finally, the GPL (9%).
ERSE points out several reasons that explain this fall.
First, the price of BFO (crude oil from fields in the North Sea and used as a benchmark in oil prices in international markets) decreased during March, due to the slowdown in the world economy and the price war. , caused by Russia’s rejection of production cuts agreed by the Organization of the Petroleum Exporting Countries (OPEC).
Then, the prices of oil products in international markets followed this trend of BFO and WTI (West Texas Intermediate, type of crude oil in the United States).
Furthermore, butane and propane accentuated a downward trend in prices, in line with the fall in the price of naphtha (an oil derivative used mainly as a raw material in the petrochemical industry) in the international market, reaching a minimum of 20 years.
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