Portugal as one of the oldest nations in the world, continues to have one of the most expensive final consumer prices of any oil product (diesel /regular) in the world ...
Crude oil for October delivery fell to $106.52 a barrel, high prices and slowing global economic growth reduce demand for fuels ... however Portugal this very moment has one of the most expensive final consumer price for gasoline in Europe and one of the highest in the world...
This situation proves how these oil companies together with the government have no respect for the consumer...
This situation places the economy in the RED, as consumers pay more and more for energy....while in the international market prices are falling...
However consumers in Portugal continue to pay as if prices were at a all time high ...
BP,Galp and Repsol prices are today a ataggering 1.539 euro per litre for regular 95 Octane !!!
There is no justification for the inflated gasoline prices sold by Galp, BP and REPSOL and BP.!!!
These inflated oil prices have the approval of the government .. and of course the higher the oil price the more revenue for the government....Oil consumption in Portugal this year has dropped more than 11% and all tendencies indicate that it will continue!!!
These same companies are once more prepared to increase tomorrow final consumer prices.
THE REASON…
THE WEATHER IN THE US…HURRICANE IRENE..
In fact a Tropical Storm ..IRENE
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