The European economy continues to face adverse economic ,however there is a European nation were these adverse economic conditions are immediately passed to the public in this case motorist .
Portugal continues to have one of the world’s most expensive final consumer prices for fuel (petrol) per liter, the prices are largely inflated by the now parliament elected government, in the last weeks gasoline price have increased by over 14 cents per liter…
The common citizen in Portugal faces once more a huge increase in taxes as part of the 2016 State budget presented to the European parliament, these measures imply increase in taxes to the stamp duty, tax on oil products and tobacco tax.
The political action taken by the new parliament elected government will downgrade the Portuguese economy to new levels of “economical madness”
The public servants will see the working hours reduced to 35h a week!!! While the public sector will continue 40h a week.. Four Public holidays removed during the Troika control have now been reinstated, according to local news tax fraud and evasion by big economical groups will continue.
Discretionary measures in public administrations, the Executive expects an impact of 0.21% of GDP at the level of indirect taxes, which is about 155 million more that will breach the Treasury in 2016., this shows in fact that no real measures have been taken to reduce the burden the state has on the economy.
written by ABSTRACTMIND @ 2:12 pm, ,
written by ABSTRACTMIND @ 1:51 pm, ,
Crude prices are at a 12 year low, however the consumer price for gasoline for the Portuguese motorist will once more be inflated next week by another cent per liter. (95 Octane)
WorldWatch chief analyst sees no reason for this latest increase as the Brent crude prices are at minimum 12 year low, the Petrol companies that operate in Portugal continue to have a concentrated increase policy supported by the government as energy prices are heavily taxed, even now with the new parliament elected Socialist/left block and Communist party the situation continues as motorist face constant increases making Portugal have one of the most expensive gasoline prices in Europe.
Brent prices have devalued more than 10%!!!
The average price for Regular 95 Octane is 1,362 euros per liter... The average price for Diesel is 1,088 euros per liter!!!
However if you travel on the more than 3000km of highway that exist in Portugal the consumer price is even higher, 12 cents per liter more expensive , all companies Galp, BP, Repsol and Cepsa practice the same inflated prices.
With these prices consumption will continue to decrease further in 2016!
written by ABSTRACTMIND @ 2:25 pm, ,