Gasoline companies did not reflect tax drop on fuel prices – Energy


A descent of the Petroleum Products Tax (ISP) was not fully reflected by the gas stations in the selling price of fuel, reports this Tuesday by the Correio da Manhã (CM).

The measure should translate into a cut of 15.5 cents per liter of gasoline and 14.2 cents in the case of diesel. However, according to the newspaper, which cites several websites that compare prices at the country’s main stations, Galp will have dropped gasoline 95 by 11.5 cents and diesel by 10.2; while BP reduced the price per liter of gasoline by 10 cents and diesel by 12 cents and Repsol ‘discounted’ the amount charged, 11 and 10 cents, respectively.

The Food and Economic Security Authority (ASAE) has been monitoring the evolution of fuel prices since midnight on Monday. According to the CM, in addition to a possible crime of speculation, the Government, without mechanisms that allow it to set the maximum marketing margins, also wants the Competition Authority to look into a possible concertation in prices.

Source: Jornal de Negócios by www.jornaldenegocios.pt.

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