Fuels: diesel drops by half a cent. Gasoline rises – Oil

Fuel prices will rise again next week. Starting next Monday, August 5th, diesel will drop by half cent, while gasoline will become 0.5 cents more expensive, a source in the sector told Negócios.

In this way, the The average price of simple diesel at gas stations should be 1.548 euros per liter.

Me and 95 simple gasoline should cost 1.718 euros per literbased on prices published by the General Directorate of Energy and Geology.

This week, the average price of 95% gasoline is 1.713 euros per liter and of diesel is 1.553 euros.

Remember that the cost of fuel at the pump will always depend on each gas station, the brand and the area where it is located. Hypermarkets maintain the most competitive offers in road fuels, followed by low-cost segment operators.

Os Prices charged by pumps also include the burden of taxation. In September 2023, the Government announced that it would restore measures to reduce taxes on fuels, returning them through the ISP, which translates into an additional reduction of two cents per litre on diesel and one cent per litre on petrol.

The price movements of these two oil derivatives also follow the performance of the price of crude oil. This weekend, the “black gold” is heading for its fourth consecutive week of losses, with the latest economic data in China and the US making investors more cautious about the increase in demand for this raw material.

This Friday, the Brent do Mar do Norte – reference for European imports – continues to fall 0.14% and trades at around $79.41 per barrel. In turn, the West Texas Intermediate (WTI) trades at waterlinedepreciating 0.08%, to 76.25 dollars per barrel.

Source: www.jornaldenegocios.pt