Fuel prices in Portugal fell on Monday, with unleaded 95 petrol down 9.5 euro cents a litre and diesel down 9 cents. The Portuguese Automobile Club (ACP) had forecast cuts of 12.5 cents for petrol and 11 cents for diesel, but the government reduced an extraordinary tax reduction on fuel ISP, which limited the fall.
Attacks on oil tankers since then have also weighed on supply. The United States and Israel attacked Iran at the end of February.
Where prices stand
Brent crude closed at $98.68 a barrel on Friday, down $15.11, or 13.32 percent, from the previous week. By our market data, Brent was trading at $94.00 as of 15:00 on Monday.
Brazil provided 42.3 percent of its crude imports in 2025, Algeria 19.6 percent, Nigeria 10.6 percent and Azerbaijan 10 percent. The United States supplied 7.6 percent.
Minister expects slow decline
Environment and Energy Minister Maria da Graça Carvalho told Rádio Renascença that the fuel price decline may be very slow. She said the trend is downward, but that it depends on external factors, including the destruction of refineries in the Middle East, Russia and Ukraine. Those facilities, she said, will take a long time to rebuild, repair or build from scratch.
Source: Portuguese Automobile Club
