Fuel prices rise again early next week, in what will be the third increase in a month, following the evolution of prices in international markets, but the government shows a set of data to justify the maintenance of the planned increase in the state budget for 2016 (OE2016), which entered into force on 12 February.
the increase in the ISP was justified by the government with the need to “correct the loss of tax revenue resulting from the decrease in international prices” and also cancel “additional negative impacts on the environmental level and the volume of domestic imports caused by increased consumption promoted by reducing the selling price to the public “.
But the executive António Costa admitted alleviate this increase of six cents per liter if the oil price prices rise, which would contribute to the increase of the consumer price.
in a statement, the Ministry of Finance collects data showing that the only reversal in the evolution of fuel prices since the fourth week of 2016, which served as reference to update the tax is diesel, being “just a penny above.”
“the Finance Ministry regularly monitors the evolution of fuel prices in the international market and the domestic market, aware of the objective a trend towards fiscal neutrality of the increased ISP that framed the update of its value, by decree, six cents per liter on petrol and diesel, “he says.
the data, published by the National Authority for the market Fuel (TNGC) show that in gasoline prices in international prices and freight is five cents lower than at the beginning of the year and two cents below the price in the week that served as reference to update the tax.
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