In our present situation here in Portugal were we continue to have one of the most expensive final consumer price for any petrol product in the world
and were the Tax imposed by the Goverment for crude based substances account for 14% of their budget ( petrol companies alone).
If we compare Portugal and Spain then we can see a huge difference,i.e.
The petrol we daily use in our cars is 26 cents more expensive in Portugal than in Spain ...
The diesel we use is also 22 cents more expensive in Portugal than in Spain.
According to the President of Galp Energia, Ferreira de Oliveira (the Nations biggest petrol company,Galp Energia ) they loose each year between 100 and 150 million litres of fuel due to the difference in taxes between both Nations.
The CEO Galp suggests that the taxes in Portugal should come closer to the ones practiced next door in Spain.
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