Azores Government says it cannot lower the excise tax on petroleum products any furtherPhoto by Kyla Rose Rockola on Pexels
PoliticsAçores

Azores Government says it cannot lower the excise tax on petroleum products any further

Açoriano Oriental27 August 2026 at 18:02

The Secretary of Finance for the Azores announced that the region has already reached the minimum tax rate on fuels allowed by law, so it is not possible to further reduce the Excise Tax on Petroleum Products (ISP). However, Carlos Borges acknowledged that the region may review fuel prices more quickly if there is a significant drop in international markets, showing openness to follow favorable price fluctuations.

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