Gasoline and diesel: Find out the Efficient Price for this week

Deepak Gupta August 22, 2022
Updated 2022/08/22 at 7:17 PM

According to information from the Weekly Sales Price Supervision Report, published today by the Energy Services Regulatory Authority (ERSE), gasoline and diesel were sold above the average weekly price determined by ERSE.

According to the regulator, “in percentage terms, simple 95 gasoline was announced on the gantries 0.6% above the Efficient Price and simple diesel was announced 1.1% above the Efficient Price”.

Gasoline sold 1.1 cents and diesel 2 cents above the reference

As we have seen in recent weeks, the price of fuel has been on a constant ups and downs. According to ERSE, "in relation to the previous week, it was found that the average of the Public Sale Prices announced on the porticoes, and reported at the Balcão Único da Energia, was 1.1 cent/l above the Efficient Price of that week, in the case of of simple 95 gasoline and 2.0 cent/l above in the case of simple diesel".

The efficient price "is an average weekly price determined by ERSE and results from the sum of the following components: fuel prices in the international markets of reference and the respective maritime freight, primary logistics, including in this part the strategic and security reserves of the National Oil, the extra costs with the incorporation of biofuels and the retail component plus the respective taxes", according to the regulator.

Gasoline and diesel: Find out the efficient price for this week

The entity highlighted that "still in relation to the previous week", with regard to discounted prices, which are average prices published by the Directorate-General for Energy and Geology (DGEG), "simple 95 gasoline showed a deviation of -3.0% compared to at the Efficient Price and simple diesel - 3.9%".

According to information published by ERSE, for this week (22nd to 28th of August) "The Efficient Price before taxes is 1,021 Euro/l for 95 single gasoline and 1,185 Euro/l for simple diesel. After taxes, the Efficient Price is 1,818 Euro/l and 1,867 Euro/l for gasoline 95 simple and for simple diesel, respectively".

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