According to the calculations of the Energy Services Regulatory Authority (ERSE), average sales prices (PMV) of petrol (simple gasoline 95), were more expensive in Spain and cheaper in Portugal.

According to the statement, which was reported by ECO, VAT-free petrol PMV across the European Union decreased by 5 cents per litre from the second quarter to the third quarter of this year.

Excluding taxes, Portugal's PMV for 95 single gasoline was 4 cents per litre lower than Spain's, and with taxes, the sale of petrol in Portugal continued to be cheaper by 3.9 cents per litre when compared to Spain.

“Although Portugal has a higher tax burden (44%), in the context of the Iberian Peninsula, the Portuguese PMV was around 3.9 cents per litre lower than that of Spain”.

Diesel prices

As for diesel, ERSE reports that among the 27 Member States, the price increased, on average, by 0.7 cents per litre from the second quarter to the third quarter of 2022.

Regarding the comparison with Spain, excluding taxes, ERSE reveals that the average national prices of diesel were 3.9 cents cheaper per litre. “The tax burden in Portugal (37%) was identical to that in Spain (37%), which justifies the practice of lower PMVs in our country”, indicates the bulletin.