Fuels: Government keeps tax cut! Discover the new values

Deepak Gupta June 30, 2022
Updated 2022/06/30 at 10:48 PM

The government will even keep cutting taxes on fuel. The tax cut in force applied only to the months of May and June, ending on June 30, but will be extended during the months of July and August.

The tax cut model will also be different. Know what changes and the new values.

Fuels: 28.2 cents per liter for diesel and 32.1 cents per liter for gasoline

Government will extend the reduction of the Tax on Petroleum Products over the next two months, the CNN Portugal. In addition to this change, it is also known that the Government will fix the values ​​and stop reviewing them every week.

According to information obtained by CNN Portugal, the government decided to stop making weekly reviews of the ISP cut, as it had done until now, and to fix the cuts. It is recalled that the initial objective was, through the ISP, to achieve the equivalent of a decrease in VAT from 23% to 13%. For this, the government launched a set of measures, which it now intends to simplify.

Fuels: Government keeps tax cut!  Discover the new values

In total, and as CNN Portugal was able to confirm with government sources, the measures approved by the Council of Ministers will represent a decrease in 28.2 cents per liter for diesel and 32.1 cents per liter for gasolinewhich is close to the current values.

According to data from this Thursday from the Directorate-General for Energy and Geology, the average price in mainland Portugal for simple diesel is currently €2.062 per litre. The average price of simple gasoline 95 is 2,101 euros per litre.

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