Joao leao, Minister of Finance and Planning of Portugal

Lisbon, March 6 Inflation in global oil prices has caused a general readjustment of fuel prices in Portugal, causing a rush of consumers to fill up their cars.Long queues were seen at gas stations on Saturday across the country, and the government announced measures to soften the impact of the price increase, reports Xinhua news agency.Finance Minister Joao Leao told a press conference that he will grant a monthly bonus of 20 euros ($22), as well as tax cuts.People enrolled in the programme called "Autovoucher" will receive a refund of 10 euro cents per litre of fuel.The Minister explained that his European Union (EU) colleagues are waiting for guidance from the European Commission (EC) to respond to the increase in energy prices.In addition, the Minister of Environment and Climate Action, Joao Pedro Matos Fernandes, presented measures for public transport, which will receive 30 cents per litre of fuel.Fuel retailers consider the measures announced by the government to mitigate the "huge increase" in prices to be "insufficient", reiterating that the "definitive solution" is to reduce the "extremely heavy tax burden" on gasoline and diesel."ANAREC (National Association of Fuel Dealers) concludes that the measures are insufficient, of a temporary nature, and do not allow a definitive solution to the real problem of fuel prices," they said in a statement released on Saturday.For the association, the "measures do not solve the dynamics of the fuel market nor prevent any increases that may occur in the future", it said.Dealers said that the expected increase "is harmful since their margins are fixed", and not percentages, which "implies lower profit, as the increase implies fewer liters sold".The Coimbra District Farmers Association (ADACO) warned on Saturday of the "brutal impact" that the rise in fuel prices will have on farming and asked the government to take urgent measures such as increasing discounts on agricultural diesel, to maintain the price that prevailed before the hikes."Either the government intervenes, or we will go hungry in the fields, with thousands of farmers abandoning their farms," it said.Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Pahalgam Terror Attack

Tahawwur Rana

IPL 2025

CM Devendra Fadnavis

Mumbai Local

Weather Update

Joao LeaoFOLLOW

Joao leao, Latest News

Politics :Rush in Portugal gas stations amid surging fuel prices

Lisbon, March 6 Inflation in global oil prices has caused a general readjustment of fuel prices in Portugal, ... ...