The Scheme
WorldWatch chief analyst reports that once more Portugal places its bail-out plan in serious danger of not being able to carry out the austerity plan, Portugal continue to have one of the most expensive final consumer prices for the motorist at the filing station.This attitude by the petrol companies Galp, BP, Repsol and Cepsa will affect Portugals austerity plan, as consumer demand will continue to drop as well as Tax revenue derived from petrol products.
This year (2012) prices have increased twice, and a announcement has been issued by the press that next week consumer prices will increase by another staggering three cents per liter.
The new elected government seems to be as arrogant as the last socialist government regarding this issue as there is no control as to the steps taken by these energy companies.
All these companies have a monopoly in price fixing as can be seen, this price fixing is not allowed by E.U. law, however Brussels nothing does to avoid such situations allowing less honest companies and governments to run free.
Portugal is in a recession that will be aggravated even further by rising prices which include, coffee, soft drinks, electricity, water and the announced increase in the price of VAT to 23%.
written by ABSTRACTMIND @ 11:56 AM,
1 Comments:
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At 7:33 AM,
VAN HEERDEN said...
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I AGREE PORTUGAL IS A TAX RUN COUNTRY, TAXES ARE CHARGED EVERYWHERE AND IN ANYTHING, IN PARTICULAR AT THE PETROL STATIONS.
