Monday discount on fuel 20 cents / liter

The prime minister announced on Monday that a new tax cut for petroleum products (ISPs) will make it possible to reduce the tax burden by 20 cents per liter, which will reduce petrol prices by 62 per cent and diesel by 42 per cent.

António Costa referred to this development of ISP facilitation today at the General Assembly of the Republic at the opening of the debate on the government’s draft state budget for 2022.

In his speech, the chief executive argued that “in the face of an inflation scenario, albeit a temporary one, the government acted swiftly and identified responses to this crisis with strong and effective economic measures.”

According to the prime minister, these measures “will help curb energy prices and mitigate the inflation shock, support families and businesses, and accelerate energy transition by protecting social cohesion and economic growth.”

“So I can announce that as early as next Monday, the new ISP rebate will make it possible to reduce the tax burden by 20 cents per liter, which will allow a 62% reduction in petrol prices and a 42% reduction in fuel prices. consumers have been suffering from rising diesel prices since October, ”he said.

According to António Costa, on the tax and subsidy cuts, the draft budget “provides more than € 1,300 million to support businesses and families”.

“So it’s a concrete budget geared to the real country; a budget that allows us to continue the course we have set ourselves to adapt to the new situation without deviating from major national targets, ”he said.

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