The Government maintains the measures to mitigate the rise in fuel prices, extending the current ISP discount to August, which translates into a discount of 13,1 cents per liter on diesel and 15,3 cents per liter on gasoline.
In a statement today, the Ministry of Finance indicates that the Government is proceeding with the gradual thawing of the update of the addition on CO2 emissions (carbon tax) started in May, updating the rate by 2 cents on diesel and 1,8 cents on Gasoline.
The Ministry of Finance adds that, taking into account the measures in force, «the reduction in the tax burden will be 23 cents per liter for diesel and 25 cents per liter for gasoline».
«The measures adopted by the Government are aimed at environmental objectives and the gradual alignment of the weight of fuel taxes in Portugal with the Euro Zone average», he explains.
On the same note, the Ministry of Finance underlines that fuel consumption in the first six months of 2023 reached the record of the last decade, adding that the consumption of road fuels in June, the last month with published data, registers a growth of around 10 % compared to the same period.
In addition, he adds, “fuel taxation in Portugal is below the weighted average of the Euro Zone: 10% on diesel and 7% on gasoline (based on data from the Weekly Oil Bulletin produced by the European Commission)”.
Within the framework of measures to support the agricultural sector, the reduction of 6 cents per liter in the taxation of agricultural diesel remains in place, according to the Ministry of Finance, which recalls that the value of the tax discount (ISP + VAT) must be included, updated and duly identified, in the respective invoices or equivalent document.
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