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The summer holidays are on the doorstep, and if you plan to venture out of Europe, during a road trip to discover the Old Continent, know that the Spain, even here, is a good option for fuel prices for Portuguese tourists who choose this option for the long-awaited rest days. Departing from Portugal, which is the fifth country in the European Union with the most expensive gasoline, it is advisable to fill the tank to the maximum before leaving the Iberian Peninsula and crossing the Pyrenees . It is that the prices of gasoline and diesel go back as soon as the border is crossed to France and Italy, only coming down again in Eastern Europe.
But before packing and storing the car for the trip, know Moreover, the price of fuel will rise again in Portugal on Monday, thus adding half a cent of the prices of gasoline and fuel. diesel at the time of the pump, according to industrial sources. The gasoline will cost 1,579 € per liter and the diesel 1,363 €, the highest price since 2014.
The most recent figures of Eurostat show that only the Netherlands (1.67 € ), Denmark (1.64), Italy (1.63) and Greece (1.63) pay more for gasoline than Portugal at the moment (19459005). Excluding taxes, Portugal has the third highest price after Denmark and Spain. In diesel, Portugal is the tenth more expensive, surpassed by Sweden (1.52 euro), Italy (1.51), Belgium (1.49), the United Kingdom (1.48) France (1.45), Greece (1.41), Denmark (1.41), Finland (1.38) and the Netherlands (1.36). The European average is about € 1.45 for gasoline and € 1.35 for diesel
"Prices in Portugal are normally higher than the European average for three reasons: a higher tax burden, an above average incorporation of biofuels, a very dense distribution network with lower average sales per station and therefore a dilution of costs
The country with the cheapest gasoline is Bulgaria (almost 3600 kilometers from the country of origin) Portugal), where certify the deposit does not go beyond 1, 13 euros per liter For a deposit of 50 liters, in this country of Eastern Europe, the bill at the end of the pump would be 56.5 euros, 22 euros less than & ## 39, in Portugal, where the same amount costs 78.7 euros.Already in the Netherlands, the champion of high prices, the same 50 liters of gasoline cost 82.5 euros (26 euros more than that). in Bulgaria) In diesel, the most important account in the portfolio is Swedish, which for 50 liters pays 76 On the other extreme, Luxembourg is the cheapest diesel with € 1.10 per liter and € 55 the deposit, less € 21 than Sweden
. The EU countries with the cheapest gasoline are Poland (1.14 euro per liter), Hungary (1.19), Romania (1.22), Lithuania (1, 25), Luxembourg (1,25), the Czech Republic Just next door, Spain also has competitive prices (below the European average) which leads many Portuguese who live more near the border go to the neighboring country to buy fuel. The savings are significant: with gasoline at 1.32 euros and diesel at 1.22 euros, this translates to minus 12 euros and minus seven euros, respectively, for a supply of 50 liters. This explains that many Portuguese "choose to supply in Spain, where prices are lower, because of a much lower tax burden," says João Reis of Apetro.
Francisco Albuquerque, President of the National Association of Fuel Distributors, stresses that "the high tax burden in Portugal leads to competition problems and a loss of competitiveness vis-à-vis Spain" and calls for the abolition of the additional tax on petroleum products introduced by the government. "We were the first to raise our voices against this measure which penalized the bombs in the border area, because it further aggravated the differences with respect to Spain."
End of the ISP surtax in view in 2019
The price of fuel is definitely on the agenda, the Parliament recently approving the elimination of the surcharge of ISPs. It remains to be seen if the measure will be included in the state budget for 2019, given the importance of this tax for the state coffers: nine million euros per year. day in the first three months of this year. António Mendonça Mendes, Secretary of State for Tax Affairs, has already warned: the reduction in tax revenues does not ensure a reduction in the price of fuel sales to the public.
On the contrary, António Comprido, secretary general of Apetro, the drop in the tax will be passed on retail prices "and the oil companies will not make any profit." The value chain is not the same. will in no way absorb this difference. "Apetro wants the government to guarantee" competitive market conditions by examining the value of PSI, CSR, and carbon ".
In the European context, Portugal has the fifth highest gasoline (after Holland, Greece, Italy and Finland) and tenth in gas oil. Taxes thus represent 63% of the retail price of gasoline and 56% of the price of diesel According to the French Competition Authority (ADC), the costs of fiscal policy have had the greatest impact on the retail prices of road fuels. increased by 56% in diesel and by 26% in gasoline since 2004. The largest ande part comes back to ISPs, which weighs 44.3% in gasoline and 36.8% in diesel. In 2016, the government increased the ISP by six cents per liter to correct the loss of tax revenues resulting from the decline in international oil prices.
In addition to the tax burden, oil companies also highlight the impact of incorporating biofuels into gasoline. as in diesel, for the increase in retail prices. Galp, Repsol and BP are, according to AdC, the three largest operators operating in the retail sale of road fuels, with 56% of market share.
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