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Fuel prices in Portugal are expected to post an unusual diverging change next Monday, with gasoline ending a long cycle of declines, while diesel will continue the downward trend.
The new prices will be applied on the day the restrictions on the movement of the Portuguese are reduced, since the calamity will already be in force and the state of emergency will be over.
The metric ton of gasoline rose 17% in euros this week, which Business estimates point to a 2-cent increase in the selling price per liter of plain gasoline. If confirmed, this will be the largest increase since the first week of the year and the first since the end of February, ending the nine-week series in which prices have fallen sharply or held steady.
If this increase of 2 cents is confirmed, simple gasoline will be sold in Portugal at an average price of 1,265 euros per liter, returning to the levels practiced in early April.
In the case of diesel, the evolution of prices was different, so the prices that the Portuguese pay for this fuel will continue to fall. The metric ton of diesel decreased by around 8% (in euros), pointing to a 1.5 cent drop in the selling price of plain diesel at service stations.
A drop that occurs after the sharp reduction (5.7 cents per liter) registered this week and that will place diesel at an average price of 1,139 euros per liter, which corresponds to the lowest price since September 2016.
According to data from the Directorate General for Energy and Geology, the price of diesel in Portugal has decreased every week since the end of January, except for an increase of 0.3 cents in the first week of April.
Taking into account the estimated prices for Monday, in 2020 diesel accumulates a drop of 18% and gasoline is 16% cheaper.
These prices take into account the variations calculated by the companies compared to the average price practiced in Portugal this week and announced by the Directorate General for Energy and Geology (DGEG).
The evolution of fuel prices is calculated based on the evolution of petroleum products (diesel and gasoline) and the euro. Even so, the evolution of costs will depend on each service station, the brand and the area where it is located.
The commercial calculations are based on different contracts than those followed by the oil companies (although the evolution is usually similar), and the data available for the businesses is only available until Thursday (one trading day is missing).
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