The Government is preparing to adopt new measures for the 2016 Budget that will affect fuel prices.
Last week's budget draft called for an increase of 4 to 5 cents per liter in the tax on diesel and gasoline, but according to the Observer, the latest government proposal on the tax on petroleum products (ISP) foresees a rise an additional one to two cents per liter.RELATED: How much have the Portuguese already saved with simple fuels?
According to Mário Centeno, Minister of Finance, this increase in the final price of fuel is justified by the sharp devaluation of oil; however, the government will have shown willingness to reduce taxation if the price of oil rises again. In addition, the executive will be discussing new measures to capture revenue that will affect the automobile sector, namely vehicles with larger cylinder capacity.
Source: Observer