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Fuel taxes hike Portuguese pump prices

galpDespite government attempts to persuade the motoring public that the January 1st Green tax supplement on the price of a litre of fuel would hardly make a difference, the truth is out.

Despite falling prices for fuels due to a worldwide drops in oil prices, fuel prices at the pumps have risen almost five cents since January 1st, 2015 due to various taxes.

Data from the National Fuel Market Authority shows fuel prices increasing 4.63 cents per litre of diesel and 4.99 cents per litre of gasoline.

The hikes are due to the raising of the road service contribution, as provided for in the State Budget 2015, the Green tax and the incorporation of a percentage of biofuel.

The january 1st Green tax was responsible for a price increase of 1.156 and 1.260 cents per liter for petrol and diesel, while the contribution toward invisible and largely non-existent road repairs rose two cents per litre - excluding IVA.

Already the adition of biofuels has added 0.9 cents per litre, excluding IVA, to the price of a litre of petrol and 0.5 cents per litre, excluding IVA, to diesel.

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Comments  

-3 #2 valery 2015-01-27 08:46
this happens in the UK too, Portugal is not unique
-1 #1 Peter Booker 2015-01-26 19:43
So there is a road fund tax within the cost of fuel; and probably within the annual IUC tax. And they also get the motorway tolls.

But the motorways are all in fine fettle, because no-one is using them, and the cost of their upkeep has been passed on to the concession holders.

So why are the other roads, the ones that everyone uses, falling to pieces? We hear all sorts of gumf about work about to begin ( on the EN125 for instance) but the bits I use are worse than ever.

The upshot is that as with the plastic bag tax, they take more money in tax, but it does not go to the destination which they have nominated. Where does it go? Why, to pay off the increasing national debt. This government is so used to lying, that I suspect it never knows when it is telling the truth.

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