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Lusa - Business News - Portugal: Petrol prices stable in October, diesel drops to four-month low




Lisbon, Nov. 26, 2020 (Lusa) - The average price of petrol in Portugal remained unchanged in October compared to September and diesel fell by 0.6% to €1.239 a litre, the lowest figure in the last four months, ERSE reported today.

"The price of simple diesel registered its second consecutive drop, countering in October the increase in the price on the European market. The last month ended on a downward trend (-0.6%) compared to the previous month, representing the lowest value in the last four months," reads the monthly bulletin of the fuel market of the Energy Services Regulator (ERSE).

The average price of 95 petrol "remained practically constant compared to September [at €1.432 a litre], showing a stabilisation of the market price that has taken place since July".

According to the regulator, "the largest price component of these fuels is taxes", which in October represented 65.3% of the total bill for petrol and 60.1% for diesel.

In petrol, the international quotation and the respective freight represented 17.7% of the invoice, "reflecting the drop in international quotations for light distillates," while in diesel the value of the international quotation and freight represented 19.8% of the final value, an amount that "has been decreasing since July.

As for the average price of LPG (Liquefied Petroleum Gas) Auto, in October "dropped for the seventh time this year, although not significantly (-0.4%)", standing at €0.692 a litre.

According to ERSE, in LPG "the price and freight have been increasing since June, reaching 27.1% in October", with "taxes and the marketing margin representing about three-quarters of the price borne by the consumer, the margin having been slightly reduced compared to September".

According to the regulator, "hypermarkets have the most competitive offers in road fuel followed by operators in the 'low cost' segment".

For simple petrol, prices in hypermarkets were 2.5% lower than those in the low-cost segment and 9% lower than those in petrol stations operating under the brand name of an oil company, representing a saving of 13 cents/litre.

In the case of simple diesel, the hypermarkets showed average prices of around 11 cents/litre below the average national PVP and operators with low-cost offers charged an average price of €1.169 a litre, which represents an additional 2.9% compared to the price of hypermarkets. Flagship oil companies reported prices of €1.264 a litre, about 2.5 cents above the national average price.

As for LPG Auto, in October the flagship petrol stations of an oil company sold, on average, three cents/litre above the national average price and 12 cents/litre above the hypermarket price.

PD/ADB // ADB.

Lusa


Agency : LUSA

Date : 2020-11-27 10:05:34







 

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