SPECTRUM

The petrol companies in one of Europe’s oldest and most poor economies have once more speculated and inflated the consumer final price.

Portugal faces serious economic problems, the bailout plan imposed by the Trioka has only succeeded to increase inflation, unemployment, poverty,social unrest and a massive reduction in spending, the only point that hasn’t decreased is the public debt, in the middle of all this we have the petrol companies Galp, BP, Cepsa and  Repsol inflating the prices at their pleasure on a almost weekly basis, each has a market share of 25%.

This situation and according to WorldWatch will have a further negative effect on the economy as less and less motorists take to the roads, petrol consumption will continue falling by more than 16% .

Portugal has one of the most expensive consumer price for energy in the world, in particular for petrol.

 

The latest official prices are as follows.. 

 

Galp 1,624

BP 1,639

Cepsa 1,634

Repsol 1,629

 

In the highways these prices are in average more expensive 3 cents per liter, and all companies practice the same price, price fixing is not allowed in the EU…