ERSE: average weekly price drops 1.5% for gasoline and 1.3% for diesel

ERSE: average weekly price drops 1.5% for gasoline and 1.3% for diesel
ERSE: average weekly price drops 1.5% for gasoline and 1.3% for diesel
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The average weekly price calculated by the Energy Services Regulatory Authority (ERSE) registered a decrease of 1.5% for gasoline and 1.3% for diesel, the most used fuel in Portugal.

According to the ERSE report, released this Tuesday, the efficient price registered an update, “taking into account the weekly variation in international prices for straight 95 gasoline by – 3.3% and for straight diesel by – 2.7%”.

This way, “for the week of April 29th to May 5th, the Efficient Price before taxes is €0.914 per liter for simple 95 gasoline and €0.876 for simple diesel. After taxes, the Efficient Price is €1,835 per liter, for simple 95 gasoline, and €1,623 for simple diesel”.

Remember that efficient pricing “is an average weekly price determined by ERSE and results from the sum of the following components: fuel prices in reference international markets and the respective maritime freight, primary logistics, including in this portion the strategic and security reserves of the National Petroleum System, the additional costs with the incorporation of biofuels and the retail component plus the respective taxes”.

In relation to the previous week, the report states that “it was found that the average Public Sales Prices announced on the portals, and reported at the Unified Energy Counter, were 0.2 cents per liter above the Efficient Price, that week, in the case of simple 95 gasoline, and 3, 4 cents, above in the case of simple diesel”.

In percentage terms, “simple 95 gasoline was advertised on the gantries at 0.1% above the Efficient Price and simple diesel was advertised at 2% above”according to the ERSE report.

The article is in Portuguese

Tags: ERSE average weekly price drops gasoline diesel

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