The Portuguese Government denies profiting from fuel price increases, arguing that the price rises do not result in extraordinary profits for the sector. This position comes in the context of a broader debate about transparency and regulation of the national energy market.
The Minister of Environment and Energy, Maria da Graça Carvalho, announced the reinforcement of ERSE's powers — the Energy Sector Regulatory Authority. This reinforcement particularly covers the regulatory entity's sanctioning powers.
The reinforcement of ERSE's powers applies to the entire chain of the national petroleum system. This includes all stages of production and distribution of petroleum products in the country.
The announcement also specifically covers the refining sector. With this measure, the Government aims to ensure greater supervision and control over all operations of the Portuguese petroleum sector, from refining to the final consumer.
