News report from the WorldWatch agency confirms that crude consumption in Europe continues to decline as economies are in recession, this is especially the case in Portugal were demand for petrol will decline more that the average estimated for the rest of Europe.The reason for the decline is due to government excessive fuel tax and the corruption by the oil companies GALP,BP,REPSOL,CEPSA. These companies last week increased final consumer prices by 5% with no reason except greed..The international crude situation is now at a 2005 level however the final consumer prices in Portugal have in a matter of days increased up to six cents per litre ... This increase is approved by the government as the more the oil companies charge to the motorist the more revenue the government has. The referred petrol companies are allowed to have a monopoly were prices are combined and applied to the motorist ...if one increases the final consumer price the others follow with the same amount or more.... Oil prices have fallen about 67% in four months, plunging from a record $147.27 in mid-July 2008... Price fixation is prohibited in the ECC but for some reason the European Parlament prefers to ignore the situation and continue to favour the cartel of oil companies... The trucker drivers assosiation last week presented a motion to the ECC Parlament urging measures to be taken against the Price fixation by the oil companies ...Demand for crude will continue to fall in Portugal as the recession deepens and unemployment continues to rise beyond the 8% mark ... in the end the people have a choice... Its time for the Portuguese population to choose a new government, one that will work for the people and not for the oil companies...
PORTUGAL CONTINUES TO HAVE ONE OF THE MOST EXPENSIVE OIL (GASOLINE) FINAL CONSUMER PRICE IN EUROPE....
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