Fuel prices above two euros: who will foot the biggest bill in Portugal?

Fuel prices in Portugal have climbed sharply since the start of the Middle East war, pushing higher costs across road-dependent parts of the economy. Nuno Figueiredo, spokesperson for DECO PROteste, warned that any sector using road fuels in its value chain faces added expense as retail prices trend upward. Using data from Portugal’s energy authority (DGEG), the article notes that on 28 February—when the conflict began—average mainland prices were 1.596 euros per liter for standard diesel and 1.681 for standard 95 petrol. By 27 September, they had risen to 2.219 and 2.113 euros per liter, increases of 62 and 43 cents. The disruption is linked to damage to Middle East refineries and shipping restrictions through the Strait of Hormuz, where about 20% of global oil consumption passed. Inflation data show energy costs rising, with diesel a major driver.