Lisbon, April 14, 2025 (Lusa) - The refining margin of Portugal's Galp Energia in the first quarter was down 53% from the same period a year earlier, to $5.60 per barrel of oil, the company announced on Monday.

Compared to the previous quarter, the margin was up 7%, according to the operating data for January to March released via Portugal's  Securities Markets Commission (CMVM).

The refining margin measures the difference between the cost of buying oil and the selling price of refined products such as petrol and diesel. 

In the first quarter, Galp's oil production was down 3% on the year, to 104,000 barrels per day.

SCR/ARO // ARO.

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