25/04/2012

SPECULATION IN PORTUGAL

WorldWatch chief analyst has confirmed the news that speculation in Portugal continues to push petrol (gasoline) prices to far beyond the acceptable price limit. Every week the consumer price goes up, this year alone prices have increased 39 times in contrast they have decreased 3 times.
Consumers pay 1,774€ per liter for regular 95 Octane (crude $118.28 per barrel), US and European consumer demand has not increased and there is no sign of doing so in the near future as Europe continues to face serious deficit problems now with France and Holland  targeted by debt and
political crisis.
One of the most critical situation is with Portugal as petrol prices for the motorist keep going up,inflated by greedy companies such as Galp, BP, Repsol, Cepsa, final consumer price for Regular 95 Octane 1,774€ per litre, this is the most expensive in Europe and one of the most expensive in the world.
Back in 2008 when Brent crude reached a record $147 a barrel, consumer prices were much lower than now around Regular 95 Octane 1.249€ per litre.As long as these prices continue inflated the tax revenue derived from petrol will continue to fall drastically forced by a severe drop inconsumer demand, this year alone its expected to drop by 18%.
If no measures are taken by the authorities Social unrest is a certainty as the population faces evermore harsh uncontrolable decline in living conditions.

PORTAXLAND

Please note these details may be subject to change THE NEWEST NATION IN EUROPE… PORTAXLAND This European Nation has so many t...