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Fuel

Council of Ministers Reworks the IVA Liquidation Regime on Combustíveis to Choke Out Fuel-Sector Fraud — Leitão Amaro Backs the CIVA Adjustment as the Same 11 June Vote Wraps an SME Capital-Markets Simplification Package

Council of Ministers Reworks the IVA Liquidation Regime on Combustíveis to Choke Out Fuel-Sector Fraud — Leitão Amaro Backs the CIVA Adjustment as the Same 11 June Vote Wraps an SME Capital-Markets Simplification Package

The Council of Ministers approved a CIVA rework on 11 June 2026 that shifts the VAT liquidation moment on combustíveis upstream to the entrepôt aduaneiro entry gateway — closing the missing-trader gap, alongside a paired SME capital-markets simplification package.
The Portugal Brief
Finanças Reweights the ISP Combustível Discount With a +0.77-Cent Diesel Top-Up and a –0.02-Cent Gasolina Trim From 9 June — Pump-Week Extraordinary Rebate Holds at €51.45 and €41.97 per 1,000 Litres

Finanças Reweights the ISP Combustível Discount With a +0.77-Cent Diesel Top-Up and a –0.02-Cent Gasolina Trim From 9 June — Pump-Week Extraordinary Rebate Holds at €51.45 and €41.97 per 1,000 Litres

The Ministry of Finance retuned the extraordinary ISP rebate on 5 June: diesel picks up 0.765 cents against a four-cent forecast climb, gasoline gives back 0.021 cents — leaving cumulative discounts at €51.45 and €41.97 per 1,000 litres for the 9 June pump week.
The Portugal Brief
Government Shaves Almost Two Cents Off the ISP Fuel Discount From Monday 1 June — Diesel Support Falls to €43.80/1000L and Gasoline to €42.18 as Brent Slides Below $100 and the Sector Eyes a Net 10-Cent Net Pump Drop

Government Shaves Almost Two Cents Off the ISP Fuel Discount From Monday 1 June — Diesel Support Falls to €43.80/1000L and Gasoline to €42.18 as Brent Slides Below $100 and the Sector Eyes a Net 10-Cent Net Pump Drop

Lisbon trims the ISP discount on diesel by 1.9 cents and gasoline by 1.8 cents for the week starting Monday 1 June 2026 — fiscal support falls to €43.80 per 1,000 litres on diesel and €42.18 on gasoline as Brent slides below $100 and the sector reads a net 10-cent pump drop.
The Portugal Brief
Brent Cracks Below $100 to $99.55 on the Trump-Iran Hormuz De-escalation — Portugal's Energy-Shock Unwind Resets the Pump-Price Trajectory, Galp's Downstream Tail-Wind and the IMF Article IV's Fuel-Excise Recommendation

Brent Cracks Below $100 to $99.55 on the Trump-Iran Hormuz De-escalation — Portugal's Energy-Shock Unwind Resets the Pump-Price Trajectory, Galp's Downstream Tail-Wind and the IMF Article IV's Fuel-Excise Recommendation

Brent July futures cracked below $100 to $99.55 on Thursday, down 12.5% from Tuesday's $113.54 peak, after Trump paused the Hormuz Project Freedom escort initiative. The unwind resets pump-price trajectories and reframes the IMF Article IV fuel-excise recommendation.
The Portugal Brief
Diesel Up 10 Cêntimos and Gasoline 95 Up 6.5 Cêntimos at the Pump From Monday — €1.993/L Gasolina and €2.055/L Gasóleo Simples on a Hormuz-Tracking Brent Tape, Portaria 204-B/2026 Adds 1.5 Cêntimos of ISP Discount on Diesel

Diesel Up 10 Cêntimos and Gasoline 95 Up 6.5 Cêntimos at the Pump From Monday — €1.993/L Gasolina and €2.055/L Gasóleo Simples on a Hormuz-Tracking Brent Tape, Portaria 204-B/2026 Adds 1.5 Cêntimos of ISP Discount on Diesel

Pump prices for 5-10 May lift gasolina 95 to a national average €1.993/L and gasóleo simples to €2.055/L. Portaria 204-B/2026 (effective 4 May) raises the diesel ISP discount to 7.54 cêntimos/L. Brent's $114→$126 Hormuz move is the driver.
The Portugal Brief