Portugal petrol prices fall 9.5 cents as diesel drops 9 cents
The reductions were smaller than the Automóvel Clube de Portugal had estimated after the government cut an extraordinary fuel-tax discount.
Petrol prices in Portugal fell by 9.5 cents on 9 November 2026, while diesel became 9 cents cheaper. The government’s decision to reduce an extraordinary discount on the Tax on Petroleum Products (ISP) limited the declines.
The Automóvel Clube de Portugal (ACP) had estimated reductions of 12.5 cents for petrol and 11 cents for diesel. A central Lisbon filling station listed standard 95 petrol at €1.92 and special diesel at €2.13, according to the simulator on the DGEG portal.
Environment and Energy Minister Maria da Graça Carvalho said prices were trending downwards, but cautioned that further declines could be slow. She pointed to damage to refineries in the Middle East, Russia and Ukraine, saying rebuilding or repairing those facilities would take a long time.
Carvalho said Portugal remained exposed to global price movements despite obtaining crude oil from other regions. The Iran war, the closure of the Strait of Hormuz and attacks on tankers attempting to cross the Persian Gulf have affected fuel prices.
Brent crude traded at US$94.00 a barrel at 15:00 on 9 November, after closing at US$98.68 on the preceding Friday. Uncertainty over the conflict continued to make fuel prices volatile.
