On Monday, November 9, fuel prices at petrol stations across Portugal are set to drop by more than they have in many months. Oil prices fell by more than 10% over the past week, dropping below $100 a barrel, while the euro strengthened against the dollar.
ACP (the Portuguese Automobile Club) had forecast a price cut of 11 cents per litre for diesel and 12.5 cents for petrol. But on Friday, the government reduced the temporary ISP (petroleum products tax) discount by 1.79 cents for diesel and 2.55 cents for petrol. As a result, prices at the pump will fall by around 9–10 cents per litre.
Petrol will cost less than €2 per litre on average for the first time since late August. Diesel will fall from around €2.20 to €2.10.
If you can wait, it makes sense to fill up from Monday onwards. You can compare prices at individual petrol stations near you on the DGEG website (Directorate-General for Energy and Geology).