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Diesel to Climb 9.5 Cents and Petrol 6 Cents on Monday 4 May as Brent Tops $110 on Strait of Hormuz Closure — DGEG Forecast Pushes Pump Prices to €2.05/L Diesel and €1.99/L Gasoline

Diesel to Climb 9.5 Cents and Petrol 6 Cents on Monday 4 May as Brent Tops $110 on Strait of Hormuz Closure — DGEG Forecast Pushes Pump Prices to €2.05/L Diesel and €1.99/L Gasoline

Diesel set to climb 9.5 cents to €2.050/L and gasoline 6 cents to €1.988/L from Monday 4 May as Brent tops $110 on Strait of Hormuz closure. Finance has cut the diesel ISP discount to 6 cents, keeping pump prices below €2.10/L. Worst weekly jump of 2026.

The Portugal Brief 01 May 2026

Decreto-Lei 94/2026 Enters Into Force on 2 May Letting the National Gas System Cover Part of Biomethane Connection Costs — ERSE Has 180 Days to Set Cost-Sharing Criteria

Decreto-Lei 94/2026 Enters Into Force on 2 May Letting the National Gas System Cover Part of Biomethane Connection Costs — ERSE Has 180 Days to Set Cost-Sharing Criteria

DL 94/2026 enters into force 2 May, letting the National Gas System cover part of biomethane connection costs. ERSE has 180 days to set the criteria. Plano de Ação targets 9.1% of gas demand from biomethane by 2030, 18.6% by 2040; €20M PRR top-up announced.

The Portugal Brief 01 May 2026

Teixeira Duarte's 2025 Net Profit Almost Doubles to €50 Million on Refinanced Debt and a €1.6 Billion Order Book — Construction Group Joins LusoLAV High-Speed Rail Consortium

Teixeira Duarte's 2025 Net Profit Almost Doubles to €50 Million on Refinanced Debt and a €1.6 Billion Order Book — Construction Group Joins LusoLAV High-Speed Rail Consortium

Teixeira Duarte's audited 2025 accounts post €50M net profit, almost double the €26M booked in 2024, on €706M revenue and €100M EBITDA. Net debt fell €147M, the order book grew to €1.635bn, and the group joined the LusoLAV Porto-Lisbon high-speed-rail consortium.

The Portugal Brief 01 May 2026

Euribor Climbs in April Even as the ECB Holds — Why Variable-Rate Households Will See May Mortgage Payments Rise Without Any Frankfurt Move

Euribor Climbs in April Even as the ECB Holds — Why Variable-Rate Households Will See May Mortgage Payments Rise Without Any Frankfurt Move

The 12-, 6- and 3-month Euribor all moved up in April even though the ECB voted unanimously to hold rates on 28 April. Variable-rate Portuguese mortgages reset off the April monthly average, so May instalments rise — by around €50/month on a typical contract — without any Frankfurt move.

The Portugal Brief 01 May 2026

PRR Monitoring Commission Warns €1.5 Billion at Risk if Four Reforms Are Not Passed Before Parliament's Mid-July Recess — 33% of Investments Now in Critical or Concerning State

PRR Monitoring Commission Warns €1.5 Billion at Risk if Four Reforms Are Not Passed Before Parliament's Mid-July Recess — 33% of Investments Now in Critical or Concerning State

Pedro Dominguinhos, who chairs the PRR National Monitoring Commission, warned that Portugal has two months to push four reforms through Parliament — Prestação Social Única, tax-benefits overhaul, renewables licensing and go-to areas — or lose up to €1.5 billion in EU funding.

The Portugal Brief 01 May 2026

General Daily Briefing — Friday, 1 May 2026

General Daily Briefing — Friday, 1 May 2026

The latest Portugal news, analysis, and what it means for expats and residents.

The Portugal Brief 01 May 2026

IPMA Calls a Hot, Showery 1.º de Maio Long Weekend With 28°C in Beja and 31°C in Santarém — Bragança, Castelo Branco and Guarda on Yellow Rain Alert as Above-Normal Temperatures Run Through 17 May

IPMA Calls a Hot, Showery 1.º de Maio Long Weekend With 28°C in Beja and 31°C in Santarém — Bragança, Castelo Branco and Guarda on Yellow Rain Alert as Above-Normal Temperatures Run Through 17 May

IPMA's forecast for the 1 May long weekend has Beja and Santarém at 28°C on Saturday and Santarém touching 31°C on Sunday, with showers and thunderstorms in interior and mountain regions. Bragança, Castelo Branco and Guarda are under a yellow rain advisory; above-normal temperatures run to 17 May.

The Portugal Brief 01 May 2026

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