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

Deepak Gupta August 8, 2022
Updated 2022/08/08 at 5:28 PM

As we have seen in recent weeks, the price of fuel has been on a constant ups and downs. This week, forecasts are for a decline, with diesel down 9 cents and gasoline 10 cents.

According to ERSE, average prices at gas stations were, in the week of August 1st to 7th, for gasoline, 0.9 cents above the average weekly price determined by ERSE and 0.1 cents below for diesel.

Efficient price for this week: €1,045/l for petrol and €1,147/l for diesel

The information is contained in the Weekly Report on Supervision of Selling Prices to the Public, published today by the Regulatory Authority for Energy Services (ERSE).

In relation to the previous week, it was found that the average of the Sales Prices to the Public announced on the portals, and reported at the Balcão Único da Energia, was 0.9 cent/l [cêntimos/litro] above the Efficient Price, this week, in the case of simple 95 gasoline and 0.1 cent/l lower in the case of simple diesel

According to ERSE, “in percentage terms, simple 95 gasoline was announced on the gantries 0.5% above the Efficient Price and simple diesel was announced 0.1% below the Efficient Price”.

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.

According to ERSE, for this week (August 8th to 14th), “the Efficient Price before taxes is €1,045/l[euros/litro] for simple 95 gasoline and €1,147/l for simple diesel", and "after taxes, the Efficient Price is €1,848/l and €1,821/l for simple 95 gasoline and simple diesel, respectively”.

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