The price of Brent crude oil rose again, trading during Thursday morning close to $95.95, equivalent to approximately €82.61. On Wednesday, contracts for November delivery had closed at $95.63 per barrel.
In Portugal, the first estimates for Monday, September 7, point to significant increases in fuels. Diesel could rise 14 cents per liter, while gasoline could increase 7 cents per liter. If fully applied, a 50-liter tank of diesel will be about €7 more expensive and a tank of gasoline of the same amount could cost up to €3.50 more.
Such a significant increase in diesel will have consequences especially for transport, distribution, agriculture and fisheries companies. The increase in costs could exert new pressure on the prices of some products and services. However, the rise in oil is not automatically and proportionally reflected at Portuguese pumps, also depending on international refined product quotations, the relationship between the euro and the dollar, taxes and margins throughout the chain.
Earlier this week, simple diesel had dropped 4.1 cents, to €2.029 per liter, while simple 95 gasoline rose 2.5 cents, to €2.013, according to average values from the Directorate-General for Energy and Geology. The estimates for Monday are still provisional and depend on the evolution of quotations until the end of the week.
