Fuel price hikes not linked to taxes By TPN/Lusa, in News · 16-07-2021 01:00:00 · 0 Comments The National Entity for the Energy Sector (ENSE) concluded that “average retail prices are at two-year highs for all fuels,” a rise that “is more justified by the increase in pre-tax prices and gross margins than by the increase in taxation. Citing the study “Analysis of the Evolution of Fuel Prices in Portugal”, the entity that oversees the fuel sector concludes that, “during the critical months of the pandemic, average retail prices fell at a clearly lower rate than the decline in reference prices”, which means that “the retailers’ margins thus reached, in 2020, maximums of the period under analysis”.