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Fuel price hikes not linked to taxes


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”. ....

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Fuel consumption with "significant acceleration"


Fuel consumption with significant acceleration
By TPN/Lusa,
in News ·
20-05-2021 10:00:00 · 0 Comments
Fuel consumption increased 59% in April compared to the same month in 2020, registering a significant acceleration with the deconfinement and gradual resumption of economic activities, disclosed the National Entity for the Energy Sector (ENSE).
Introductions to consumption [records made, for tax purposes, by wholesale fuel traders] recorded by operators through the Single Energy Desk recorded a significant acceleration in April 2021 compared to April 2020, with a 59 percent increase from 336,815 to 535,533 tonnes, ENSE said in a statement.
According to the statement, as expected, the greatest year-on-year recovery is registered in Jet [aviation diesel, with +300.63 percent], althoug ....

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